3 bedroom flat for sale

First Floor flat with no chain and some updating required. Idea for Investors.

Presently let for a rental of £650 per month giving a gross yield of 11.14% against the asking price this property is an ideal opportunity for either a first time investor or those looking to add to a portfolio.

Flats in this are let up to 800pcm depending on condition.

This property will need a selective landlord licence from 1 October 2025. Further details available via Gateshead Council.

The flat has a valid EPC until June 2026, EICR until April 2026 (however this must renewed on change of tenant/owner) and Gas safety certificate until June 2026.

Comprises: entrance lobby with stairs to first floor landing, which has access to the lofts space, front double bedroom with bay window and built-in wardrobe, second bedroom, third bedroom, lounge, kitchen with plumbing for washing machine, space for fridge/freezer and cooker, rear lobby with door leading to rear yard, fully tiled bathroom/WC with electric shower over the bath.

Private rear yard.

Double glazing and gas central heating via a combi boiler.

We understand the flat falls into Council Tax Band A and is on a Lease of 999 years from November 2003 leaving approx. 971 years remaining at the date of listing. We understand no service charge or ground rent is 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.

QLF250397/2