Laygate, South Shields, Tyne and Wear, NE33
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
550 sq ft
51 sq m
Key features
- Cash Buyers Only
- Lounge/Diner
- Kitchen
- Bathroom
- 2-Bedrooms
- En-Suite Bathroom
- Leasehold 79 Years Remaining
- No Ground Rent
- £1,000 Service Charge PA.
- Residential Parking
Description
Perfect for INVESTORS or FIRST TIME BUYERS.
We are delighted to offer to the market this 2-bedroom third floor flat on Rekendyke Mews, South Shields.
The property offers a well-adapted layout and comfortable accommodation supporting a wide array of individual or collective FAMILY activities.
Investor opportunties the property is a great one given that it is able to achieve a rental income in excess of £600 per month at a yield of in excess of 14%.
This property has accommodation briefly comprising; The living room draws in an abundance of natural daylight creating a bright and airy feeling throughout with ample room for a dining table. The kitchen is fully equipped with fittings including sleek mounted units and contemporary work surfaces.
Continuing on there is a commodious master bedroom benefitting from an en-suite bathroom with a shower cubicle and an additional double bedroom with both rooms having extra space for storage. There is a family bathroom comprising of a modern 3-piece suite with a bath.
Externally there is residential parking.
Located only 2 minutes walk from the Metro so great to travel pretty much anywhere easily.
Investment wise similar properties are achieving up to £600 per month rental income giving a great yield of 12% so is a perfect investment given the cost and the location.
Viewing highly recommended to appreciate the opportunity on offer.
Lounge/Diner
4.67m x 4.67m
Kitchen
3.78m x 2.06m
Bathroom
2m x 1.98m
Bedroom
3.05m x 1.88m
Bedroom
4.37m x 2.24m
Hall
3.96m x 2.4m
Brochures
ParticularsTenure: 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.
£0 per year
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.
£1000
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.
80 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: B
Laygate, South Shields, Tyne and Wear, NE33
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chichester Metro Station0.2 miles
- South Shields Metro Station0.6 miles
- Tyne Dock Metro Station1.0 miles
About the agent
Sold.co.uk, London
First Floor, 50 St. Mary Axe, London, EC3A 8FR
The way Sold.co.uk works is unique to both traditional and online estate agents. Run by real people who are passionate about property, we mutually agree a realistic price with the seller, and work with a large network of pre-qualified property buyers to get a fast sale, as well as listing on all the major property portals. We only ask for a thirty-day contract, don't charge any fees, and even cover legal costs.
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference SLD230749. 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 Sold.co.uk, London. 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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