For Sale in Gateshead for Offers In The Region Of £65,000Arrange a Viewing
Having been a rental property for the last 15 years with no significant void periods, this is an ideal investment opportunity. Having always been well maintained by the current owner, with recent investment in a new rear flat roof, rear yard wall, loft insulation and good quality blinds. Situated on a residential street just off Durham Road, the flat is always popular with prospective tenants. Purchasers could expect to achieve an approximate yield of 7% gross. The property would also suit a first-time buyer subject to vacant possession.The neutral decor is of a good standard with a mixture of carpeting and laminate flooring. The layout of the flat has been thoughtfully altered in the past by the current owner to provide an improved kitchen with a built-in oven & hob, free standing fridge freezer and good range of units with black granite style laminate worktops and tiled splashbacks. The unit doors are beech effect but could be easily replaced for minimal cost to give a fresh look, but equally present well as they are. The fully tiled bathroom has a shower over the bath and there is a shaver light and socket. There is a spacious lounge with fire surround and inset. The rear lobby area (previously a small kitchen) is excellent for storage and laundry use and leads to the private rear yard via a back stairway. The combi boiler is situated in the lobby. The main bedroom is a lovely large room with lots of space for furniture, with original coving and cornice and the large window brings in plenty of natural light. The second bedroom would fit a single bed or could be used as a spacious office. For added security a burglar alarm has been fitted. Smoke and CO monitors fitted. Ideally situated for commuting, approx. 1/2 mile to the Metro, with excellent bus and road links. The property is currently rented out to a professional tenant on an assured shorthold tenancy. To arrange a viewing call please Acorn Properties on 0191 212 2020.
An EPC gives a property an energy efficiency rating from A (most efficient) to G (least efficient) and is valid for 10 years.