Offers over
£65,000
(£131/sq. ft)
1 bed flat for saleGrisedale Gardens, Gateshead NE9
1 bed
1 bath
1 reception
495 sq. ft
EPC Rating: D
About this property
On-Street Parking
Communal Front Garden
Buy-to-Let Opportunity
Long-Term Tenants currently situated
Likely to attract enquiries from Serious Investors & Developers
Investment potential detailed below (Let Property Pack)
For investors looking to expand their portfolio, this is a fantastic opportunity!
This property offers one bedroom, a lounge, a kitchen with dining, and a three-piece bathroom. Residents also benefit from on-street parking and a communal front garden.
Investment details
It currently generates an annual gross income of £5,520, with tenants currently residing there. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investor's property portfolio.
Please see the Let Property Pack linked below for greater details on this property's investment potential.
If you are interested, please call us.
Tenancy Details
The current tenants have been residing in the property for 9 years and have consistently paid their rent on time. They do not plan to move out and wish to continue their tenancy.
Let Property is committed to facilitating a smooth transaction process between buyer and seller. To ensure maximum commitment to the sale from both parties, a Buyer's Premium will be applied to secure a property.
Mortgage calculator
£325 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (99 years)
Service charge
£480 per year
Council tax band
A
Ground rent
Ground rent date of next review



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