- First Floor Apartment +
- Gas Central Heating +
- UPVC Double Glazing +
- Great Views +
- Currently Gross Yield of Up To 13% +
- Current tenant is on a 30 day rolling contract +
Positioned on the first floor and enjoying far-reaching views, this attractive two-bedroom apartment presents an excellent investment opportunity. The property benefits from gas central heating, double glazing, a lift, and stair access via a secure communal entrance, as well as ample communal parking.
The location offers strong tenant appeal, with excellent road links providing easy access to the A1 and frequent bus services connecting to Newcastle, Gateshead, and surrounding areas. The QE Hospital is also conveniently close, further enhancing rental demand.
The accommodation briefly comprises a secure communal entrance with a lift and stairs to all floors, a welcoming hallway, a generous lounge, two well-proportioned bedrooms, a fitted kitchen, and a bathroom.
The property is currently tenanted, generating an income of £510 per calendar month, and is held on a rolling 30-day tenancy, offering flexibility for both investors and owner-occupiers.
Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 106
Annual Service Charge Amount: £1,206.00