Leeming Gardens, Sheriff Hill, Gateshead, NE9

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.

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.

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

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 & TENANTS:
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 traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

QWS220226/2