East Hill Road NE8
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Key features
- Great Investment
- Popular Location
- Spacious Bedrooms
- Wooden Floors
Description
Great Investment- Tenant in Situ at 12% Yield:
This property comes with a fantastic investment opportunity as it currently has a tenant in situ until November 2024. Whether you're an experienced investor or looking to start your property investment journey, having a reliable tenant already in place provides immediate rental income and reduces any initial void periods.
Popular Location:
This property enjoys a prime location with easy access to essential amenities as well as being only 5 minutes from Newcastle City Centre and the Queen Elizabeth Hospital in Gateshead. Its convenient position ensures the property will always attract tenants.
No Chain:
The property is offered for sale with no onward chain, streamlining the buying process and allowing for a smooth and hassle-free transaction. Buyers can proceed with confidence, knowing that there are no delays or complications associated with a chain.
Walking into the property you are greeted by a large, bright open plan living room/dining room as well as a modern fitted kitchen with wooden floors throughout. Following on from the kitchen there is a separate utility room allowing tenants to keep their large appliances out of the way freeing up more space in their home.
There are also two spacious double bedrooms with built-in wardrobes for extra storage space. You also have a family bathroom with a bath, overhead shower and separate toilet.
This house is located near many local amenities such as the Queen Elizabeth Hospital within a 10-minute drive, Newcastle City Centre, schools, shops, takeaways, and other everyday necessities.
Available: Now
Early viewing is highly recommended.
Council Tax Band: A (Gateshead Council)
Tenure: Leasehold (106 years)
Brochures
BrochureTenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
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ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
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LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
106 years left
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: A
East Hill Road NE8
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Gateshead Stadium Tram Stop0.4 miles
- Felling Metro Station0.4 miles
- Heworth Station1.1 miles
About the agent
NGU HOMES, Gateshead
469-471 Durham Road, Low Fell, Gateshead, NE9 5EX
Selling your home, or an investment property, is a huge opportunity to gain a life-changing amount of money and at NGU Homesales & Lettings we do not take that opportunity lightly; there's no easier way to make an extra £10,000+, tax-free!
An estate agent will traditionally value your property and sell it to the first person who offers something close to the asking price and then manage the sale smoothly to completion...
Sounds okay right?
It is, but we think our main
Notes
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Visit our security centre to find out moreDisclaimer - Property reference RS029854. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by NGU HOMES, Gateshead. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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