1 bed flat for sale

Colombo Square, Ochre Yards, Gateshead NE8

1 bed apartment with parking. Nestled in the heart of Colombo Square, Gateshead, this charming one-bedroom apartment offers a perfect blend of modern living and convenience. Situated on the second floor, the property spans an inviting 463 square feet, providing ample space for comfortable living.

As you enter, you are greeted by an open-plan living area that seamlessly integrates the fitted kitchen, making it ideal for both entertaining guests and enjoying quiet evenings at home. The modern bathroom is designed with contemporary fixtures, ensuring a pleasant experience for residents. A delightful Juliet balcony adds a touch of elegance, allowing natural light to flood the space while offering a lovely view of the surroundings.

This apartment comes with the added benefit of allocated parking for one vehicle, a valuable feature in this bustling area. The Ochre Yards development is well-maintained, with a caretaker on-site, ensuring a secure and pleasant living environment.

Currently let until 7th March 2026 at a competitive rate of £825 per calendar month, this property achieves an impressive rental yield of 9.0%. This makes it an excellent investment opportunity for those looking to enter the rental market or expand their property portfolio.

With its prime location close to Newcastle city centre, residents will enjoy easy access to a wealth of amenities, including shops, restaurants, and public transport links. This apartment is not just a home; it is a gateway to a vibrant lifestyle in one of the North East's most sought-after areas. Whether you are a first-time buyer or an astute investor, this property is sure to impress.