6 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
- Conversion Potential: Upper property includes a box room that could be converted for added value or utility.
- Prime Location: Situated in Gateshead, with excellent transport links to Newcastle and access to thriving local amenities.
- Freehold Properties: Both properties are freehold, offering long term investment security.
- Strong Rental Income: Combined monthly rental income of £1,400, with potential to increase to £1,500.
Two Freehold Investment Properties Offering Strong Rental Returns
Presenting a fantastic opportunity for investors, this pair of tenanted freehold properties in Gateshead combines stable rental income with potential for future growth.
Property 1 - 61 Upstairs
This spacious upper-floor property boasts one bedroom, one bathroom, and an additional box room with conversion potential. Currently achieving £800pcm, with scope to increase to £900pcm, this property is ideal for tenants seeking versatile and modern living space.
Property 2 - 63 Downstairs
Located on Eastbourne Avenue, this well-maintained ground-floor unit offers comfortable living and a reliable tenant paying £600pcm. Its freehold status ensures long-term investment value with minimal complications.
Local Area Insights
Situated in a popular residential area of Gateshead, the properties benefit from excellent transport links to Newcastle City Centre and the wider North East. With a growing demand for rental properties in the region, Gateshead is becoming a hub for young professionals and families alike, thanks to its vibrant local amenities, proximity to major employers, and strong community feel.
Investment Potential
Combined, these properties generate £1,400pcm in rental income, with room for growth. Their freehold status offers security and flexibility for investors looking to expand their portfolio with low-maintenance assets in a high-demand area.
Act fast-opportunities like this in Gateshead don't last long! Contact us today to discuss the potential of these exceptional investment properties.
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Property reference Q0pTIv67fRk. 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 Sell Your Tenanted Property - Glasgow.
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Broadband availability and predicted speed: obtained from Ofcom on December 21, 2021
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
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Mobile phone signal availability and predicted strength
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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 October 7, 2020 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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