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2 bedroom ground floor flat for sale
Key information
Property description & features
- Tenure: Leasehold (964 years remaining)
- Investment Opportunity
- Rent from Day 1
- Tenant In Situ
- Popular Location
- Enclosed Rear Yard
- Fitted Bathroom
- On-Street Parking
Great Investment 10% YIELD - Tenant in Situ - Rent from Day 1:
This property comes with a fantastic investment opportunity as it currently has a tenant in situ. Whether you're an experienced investor or looking to start your property investment journey, having a reliable tenant already in place provides immediate rental income and reduces any initial void periods.
No Chain:
The property is offered for sale with no onward chain, streamlining the buying process and allowing for a smooth and hassle-free transaction. Buyers can proceed with confidence, knowing that there are no delays or complications associated with a chain.
Laminate Flooring:
The property is decorated in with neutral laminate wood flooring. This is ideal for rental properties that experience high foot traffic as laminate flooring is known for its resistance to scratches, dents and stains. It is easy to clean and maintain, making it appealing to tenants and buyers alike, enhancing the properties appeal.
Downstairs you are greeted by a warm living room, as well as a fitted kitchen with integrated appliances including an oven and a hob. The kitchen also features room for white goods.
As the property continues, you have two bedrooms, one generous sized double bedroom, and one single bedroom. You also have a family bathroom, complete with a bath and a detachable showerhead.
Externally you have a small stepped walkway to the front of the property and on-street parking, as well as a private yard to the rear of the house.
This property enjoys a prime location with easy access to essential amenities such as shops, takeaways & schools. This property is also only a 9 minute drive from both the Metrocentre and Newcastle City Centre, and a 5 minute drive to the nearest metro station, making daily life convenient and hassle-free.
Early viewing is highly recommended.
Council Tax Band: A (Gateshead Council)
Tenure: Leasehold (964 years)
Ground Rent: £1 per year
Service Charge: £0 per year
999 years from 15 Sep 1989. 964 years remaining
Ground Rent: 1 Peppercorn per annum
Places of interest
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*DISCLAIMER
Property reference RS0319. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by NGU Homes - Gateshead Sales.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 20, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 28, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on June 6, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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