£50,000 Offers over

2 bedroom Mid Terrace House for sale,
Chopwell, Newcastle upon Tyne, NE17

Features and Description

  • Two-bedroom terraced house
  • Tenant in situ paying £424pcm
  • Gross yield of circa 10% at asking price
  • Approximate floor area: 86sq.m/927sq.ft.
  • EPC rating: C (69)
  • Council tax band: A

A mid-terraced house with two bedrooms that has the benefit of a tenant in situ, making this an excellent option for buy-to-let investors looking to create or expand their portfolio.

To the first floor, off the small landing, are the two bedrooms, which could both be considered to be 'double' bedrooms. The larger bedroom has a loft hatch with a drop-down ladder to a boarded loft space with two Velux windows.

The current tenants have called this their home for over 15 years and are paying £391.24 every four weeks (paid directly through housing benefit) - which is equivalent to £423.84 per calendar month - on a periodic tenancy agreement. At a sale price of £51,000 this would represent a gross yield of approximately 10% a year.
With uPVC double glazing and a combi. boiler (Vokera), the house has an excellent energy efficiency rating of C (69), which is valid until 29th October 2031, and has current/valid electrical certificate (EICR) until June 2026 and gas safety record (up to 6th April 2024). The accommodation comprises, on the ground floor: entrance into the dining room, with laminate flooring and which opens into the living room, with a gas fire and with stairs to to the first floor. A door leads through to the galley-style kitchen to the rear, which is fitted with white units and includes the electric oven and hob and has a door out to the rear yard. Off the kitchen, a small lobby leads to the bathroom and separate toilet.
Externally, there is a small enclosed yard to the rear, while the front is immediately accessed along a path that runs all the way along the terrace, with a central communal grassed area between the terraces.
The house is second in from the bottom end of Clyde Street, which is situated off South Road, which is itself off Derwent Street in the centre of Chopwell village, where there are convenience stores, shops and amenities, including Chopwell Medical Practice. There are road links to Newcastle, which is around 11 miles away, as well as nearby countryside walks and cycle routes and further facilities in nearby Blackhall Mill, Rowlands Gill and Consett.

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.

Clyde Street, Chopwell, Newcastle upon Tyne, NE17

Additional Information

  • Property ref
    QRW230321
  • EPC
    C
  • Tenure
    Freehold
  • Council Tax
    A
  • Local authority
    Gateshead Council
Abi Raine Branch Manager
Abi Raine
Branch Manager

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Your Move Estate Agents Rowlands Gill

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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

69

Potential

87

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