Watch exclusive virtual tour
£70,000 Asking price

2 bedroom Flat for sale,
Sheriff Hill, Gateshead, NE9

Virtual tours

Features and Description

  • Exceptional Investment
  • Tenant-in-situ, £700pcm
  • 12% yield gross yield (against asking price)
  • Approx. Floor Area 775 sq FT or 72 sq M
  • Council Tax Band A
  • EPC Rating C

Captivating Investment Opportunity: Refurbished Gem with Solid Returns

As your gaze sweeps across the balance sheet, a substantial monthly return of £700pcm dances before you, an enticing symphony of financial prosperity. With an impressive gross yield of 12% against the asking price, this investment stands as a testament to prudent decision-making and the allure of opportunity.

Double glazing and a gas heating system combi boiler which was fitted in 2023.

The tenant's journey began on the 2nd of August 2023, embarking on a two-year fixed term, diligently overseen by Your Move Chris Stonock, ensuring a seamless and hassle-free partnership.
A valid EPC Grade C until June 2032 stands as a testament to the property's energy efficiency, while the Gas Safety Certificate until April 2024 and an EICR until January 2028 assure the tenant's safety and your peace of mind.
Comprises: L shaped entrance hall with storage cupboard, refitted kitchen and bathroom, two double bedrooms, a lounge/dining room and a utility.
On-street permit parking a modest £35 per year.
The property holds a 125-year lease from 1995, boasting approximately 94 years of lease term. An annual ground rent of £10 and a monthly service charge of approximately £40. (We have been verbally advised these details from the seller and the full details of the lease will be confirmed by solicitors).
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.

IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

Leeming Gardens, Sheriff Hill, Gateshead, NE9

Additional Information

  • Property ref
    QWS220226
  • EPC
    C
  • Tenure
    Leasehold
  • Council Tax
    A
  • Ground Rent
    £10
  • Ground Rent Review
    Contact the branch
  • Service Charge
    £480
Chris Warren Branch Manager
Chris Warren
Director

Do you have a property you need to sell?

Book a free valuation to get an accurate valuation of how much your home is worth or get an online valuation in under 30 seconds.

Your Move Estate Agents Low Fell

Low Fell Branch Manager
Your Move Low Fell
Durham House 449/451 Durham Road, Low Fell, Gateshead, NE9 5EX
Mon - Fri09:00 - 17:00Saturday09:00 - 13:00SundayClosed

Buyer Tools

Mortgage Calculator

Monthly payment

£

Borrowing £63,000 and repaying over 25 years with a 2.5% interest rate.

Now you know what you could be paying, book an appointment with our partners Embrace Financial Services to find the right mortgage for you.

Stamp duty calculator

Calculate

You would pay

This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022. For more information on Stamp Duty Land Tax, click here.

Nearby locations
Photos
Virtual tours
Floorplan
Map view
Street view

The pin shows the exact address of the property

Energy Efficiency Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

73

Potential

76

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A