Map6 bedroom terraced house for sale
Key information
Features and description
- 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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