3 bedroom semi-detached house for sale
Key information
Property description & features
- Semi detached family home in very popular part of Saltwell
- 2 lounges
- Well presented throughout
- Large rear garage
OIEO £140,000
Location: Fern Dene Road, Gateshead, Tyne & Wear, NE8 4RY
Floor Area: 1,001 sq ft / 93 m²
Tenure: Freehold
Overview
Situated in a desirable location close to the expansive Saltwell Park, this spacious 3-bedroom semi-detached house offers excellent investment potential with current tenants in situ since 2018. Currently rented at £650 per month, this property has potential for rental growth to between £700 and £725 per month if re-let. With a rear garage, generous floor area, and convenient proximity to amenities and transport links, this property is ideal for investors looking for reliable returns and long-term growth.
For Investors
With the Gateshead rental market continuing to see steady demand, this property presents a solid investment opportunity with reliable, long-term tenants in place. Rental growth in the area, paired with the property’s desirable location near Saltwell Park, could support a rental increase to around £725 per month, potentially boosting yield. The freehold tenure and its prime location in a vibrant rental market enhance its long-term appeal for investors.
Local Amenities
Education: There are several well-rated primary and secondary schools nearby.
Healthcare: The local area is well-served with healthcare facilities, including the Bensham Hospital for primary care services and several GP practices within a 10-minute drive. The QE and RVI hospitals are also close by.
Leisure and Recreation: The famous Saltwell Park, one of the largest Victorian parks in the region, is just a short stroll away, offering stunning green spaces, a boating lake, and seasonal events for all ages.
Shopping and Dining: Gateshead town centre and Newcastle city centre, a quick drive or bus ride away, offer a range of retail shops, dining options, and entertainment venues, from the intu Metrocentre to the restaurants of the Quayside.
Transport Links
Road Access: The property is conveniently located for easy access to the A167 and A1(M), providing straightforward connections to Newcastle (10-minute drive), Sunderland, and further afield.
Public Transport: Local bus routes operate frequently along nearby Durham Road, offering a direct link to Gateshead and Newcastle city centres.
Rail: Gateshead Interchange is a short drive away, linking residents to the Tyne and Wear Metro network and mainline services, while Newcastle Central Station provides access to nationwide rail services.
Air Travel: Newcastle International Airport is approximately a 20-minute drive, providing both domestic and international flight options.
Property Details
Council Tax Band: B (Approx. £1,906 annually)
Energy Performance Certificate (EPC): Current D (67), potential B (81).
Built: 1950-1966
Broadband Availability: Ultrafast (up to 1000 Mbps), with BT, Sky, and Virgin satellite & cable options available
This property offers a rare opportunity to own a semi-detached home with established tenants, rental growth potential, and strong transport links, all set within the thriving Gateshead rental market.
Council Tax Band: B
Tenure: Freehold
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 12548993. 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 Rent North East - Gateshead.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on February 11, 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 February 11, 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 July 11, 2018 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.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.