£97,500
2 bedroom flat for sale
Foster Drive, Gateshead NE8
flat 
2 bedrooms Property description
INVESTORS ONLY
Welcome to this charming two-bedroom upper floor apartment in a sought-after location.
Presently let for a rental of £695 per month giving a gross yield of 8.55% against the asking price this property is an ideal opportunity for either a first time investor or those looking to add to a portfolio.
The flat has a valid EPC until February 2032, EICR until October 2025 and Gas safety certificate until October 2025
The property benefits from an open plan lounge with Juliet balcony and kitchen with integrated oven and hob with extractor over.
The bathroom is complimented with a bath with overhead shower, wash hand basin and w/c.
There are residents and visitors parking spaces within the location.
We understand the property is on a 125 year lease from January 2002 leaving approx. 101 years remaining at the time of listing. Ground Rent is £100 and Service Charge of £1496.88 per annum or £124.74 per month. Please note we have not inspected the head lease.
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.
QLF250296/2
Welcome to this charming two-bedroom upper floor apartment in a sought-after location.
Presently let for a rental of £695 per month giving a gross yield of 8.55% against the asking price this property is an ideal opportunity for either a first time investor or those looking to add to a portfolio.
The flat has a valid EPC until February 2032, EICR until October 2025 and Gas safety certificate until October 2025
The property benefits from an open plan lounge with Juliet balcony and kitchen with integrated oven and hob with extractor over.
The bathroom is complimented with a bath with overhead shower, wash hand basin and w/c.
There are residents and visitors parking spaces within the location.
We understand the property is on a 125 year lease from January 2002 leaving approx. 101 years remaining at the time of listing. Ground Rent is £100 and Service Charge of £1496.88 per annum or £124.74 per month. Please note we have not inspected the head lease.
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.
QLF250296/2
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First listed
Over a month agoEnergy Performance Certificate
Foster Drive, Gateshead NE8
Marketed by
Your Move - Low Fell Durham House 449/451 Durham Road Low Fell NE9 5EXCall agent on 0191 499 9696
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Foster Drive, Gateshead NE8 - Streetview
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