A fantastic opportunity to acquire a tenanted three-bedroom upper flat, generating a strong 8% yield, located in a popular and well-connected area of Gateshead. Situated on Stowell Terrace (NE10 0NX), this spacious property offers a ready-made investment with immediate rental income.The accommodation includes a bright lounge, three generously sized bedrooms, a modern fitted kitchen, and a family bathroom. Additional benefits include gas central heating, double glazing, and on-street parking.Ideally positioned close to local shops, schools, and excellent transport links, including Felling Metro Station just a short walk away—providing quick access to Newcastle city centre, Gateshead, and surrounding areas. The neighbourhood is popular with tenants thanks to its strong commuter links and amenities.This is an excellent opportunity for investors seeking a high-yield property in a sought-after rental location.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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