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2 Bed Flat, Cash/Bridging Only, Gateshead, NE10 0RH £70,000

Musgrave Terrace, Pelaw, Gateshead, NE10 0RH - 3 views - 3 months ago
  1. Deal Search
  2. Gateshead
  3. NE10
  4. NE10 0RH
Sold STC
Cash
ROI: 5%
~68 m²

ValuationFair Value

This may not be accurate, please check manually.

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Property History

Listed for £70,000

September 4, 2025

Floor Plans

Description

  • Available NOW +
  • Part-Furnished +
  • NO Pets +
  • Approx.. Floor Area: 66sqM or 707sqFT +
  • Council Tax Band A +
  • EPC RATING TBC +

Chain-free ground floor flat with great potential for buyers and investors alike.

The current landlord is also marketing the property to let at £700 per calendar month, in line with similar flats in the area, which typically achieve this rental value depending on the standard.

The property has a valid Electrical Installation Condition Report until 4th February 2026 and a Gas Safety Certificate (CP12) until 30th May 2026.

The accommodation comprises an entrance lobby leading to hallway. To the front is a generous double bedroom with a bay window and space for a wardrobe. A second rear bedroom includes a large under-stairs storage cupboard for additional storage.

There is a spacious lounge and a well-appointed kitchen fitted with a gas hob, electric oven, and space for a fridge. The rear lobby/utility area offers plumbing for a washing machine.

The fully tiled bathroom/WC features a white suite and an electric shower over the bath.

Externally, the property boasts a private rear yard with a roller shutter door, providing off-street parking for a small car.

Additional features include gas central heating via a Combi boiler and double-glazed windows throughout.

We understand the flat is on a Tyneside Lease of 999 years from 15th September 1989 leaving approx. 963 years remaining at the date of listing with no ground rent or service charges payable (Full details will be confirmed by solicitors)

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QLF250375/2

Agent Details

YOUR MOVE Chris Stonock, Low Fell

0191 625 1052

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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Investment Opportunity

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