2 bedroom Flat for sale, The Willows, Gateshead, NE10

INVESTEMENT OPPURTUNITY – First Floor flat to be sold with tenant in-situ currently paying £650pcm giving a gross yield of 7.8% against the asking price.

The flat has a valid EPC until August 2031 at Grade B, Gas Safety Certificate until May 2024 and EICR carried out in July 2020.

We understand the home is on a 125 year lease from January 2007 with approx. 108 years remaining with a ground rent of £150 per year and a service charge of £1276 per year or £107 approx. per month. (Full details will be confirmed by solicitors)

Comprises: entrance hall with storage cupboard, open plan lounge/dining room, kitchen with built-in oven and hob, double master bedroom with built-in wardrobes and en-suite shower room/WC, second double bedroom and a family bathroom/WC.

The homes comes with its own parking bay and there is visitor parking on-site.

Gas heating system and double glazing.

Located close to Heworth Golf Club and only a short distance to the QE Hospital. The property should appeal to couples and professionals alike, being a commutable distance to both Newcastle and Gateshead centres.

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.