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South Frederick Street, South Shields

2D Floorplan with...3D floorplan
3

Key features

  • 2 BEDROOM UPPER FLOOR FLAT
  • 2 RECEPTION ROOMS
  • CURRENTLY RENTED AT £395PCM
  • ROLLING PERIODIC TENANCY
  • EXCELLENT COMMUTER LOCATION
  • COUNCIL TAX BAND - A
  • EPC RATING - E
  • FREEHOLD

Description

READY MADE INVESTMENT OPPORTUNITY | CURRENTLY WITH TENANT IN SITU PAYING £395pcm | ROLLING PERIODIC AST | GROSS YIELD OF 7.3% | TWO BEDROOM S & 2 RECEPTION ROOMS | GREAT ACCESS AROUND SOUTH TYNESIDE

Originally a three-bedroom layout, this property has been smartly converted to include an additional reception room, creating a desirable dining area not commonly found in similar apartments. The front room, spacious and well-lit, is a generous main bedroom. The bathroom is conveniently situated off the main landing, an uncommon and practical layout compared to the typical positioning at the rear. The second bedroom enjoys a view of the property's front, adding to the appeal.

A standout feature is the lovely dining room area, connected to the living room by double doors. This setup offers versatile living space, easily adaptable as two separate areas or combined into one expansive room when the doors are open. The kitchen, equipped with fitted units, is accessed through the living room and leads down to a shared rear yard. Heating is provided by a gas combi boiler, and the property benefits from partial double glazing with secondary glazing to the front.

This investment is currently yielding £395pcm on a rolling periodic Assured Shorthold Tenancy (AST), with potential for rent increase. An Electrical Installation Condition Report (EICR) is already in place, adding to the value of this attractive investment. 

Brochures

Key Facts for Buy...
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
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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South Frederick Street, South Shields

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About Martin & Co, Sunderland

22 Athenaeum Street, Sunderland, SR1 1DH

Established in 1986 and launched as a franchise in 1995 it hasn’t taken Martin & Co long to become one of the UK’s leading residential lettings and property management businesses. Whether we’re helping our landlords' businesses to let their properties or finding our tenants houses and flats to rent, Martin & Co will always pay attention to our client’s specific needs.

Located on the high street, Martin & Co has over 175 dedicated letting agents throughout the UK. Because all of our offices are operated by business owners with an expertise in the local lettings market we have helped thousands of satisfied tenants and landlords nationwide.

Our unique blue and white logo combined with the clean modern look of our offices has helped Martin & Co to become one of the most distinctive lettings brands in the UK. We are also the largest lettings network across the UK, in terms of geographical spread, and we were recently recognised as the Best Large Lettings Chain in the UK (Estate Agent & Letting Agent Awards).

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Disclaimer - Property reference 101187002967. 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 Martin & Co, Sunderland. 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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