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Mill Road, Gateshead, Tyne and Wear, NE8

PROPERTY TYPE

Apartment

BEDROOMS

2

BATHROOMS

1

SIZE

646 sq ft

60 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Floorplan
1

Key features

  • 2 Bedroom Apartment
  • No Onward Chain
  • Ground Floor
  • Great Investment Opportunity or First Time Purchase
  • Modern Fittings Throughout
  • Potential Yield of Over 10%
  • Built-In Wardrobe
  • Private Balcony
  • Close to City Centre
  • 226 Year Lease

Description

We are delighted to bring to market this exceptional 2-bedroom ground floor apartment, ideally situated on Mill Road in Gateshead. This property presents an outstanding opportunity for first-time buyers or astute investors, with the added advantage of no upward chain. The apartment's potential is evident in its impressive rental history, having previously generated £1200 per calendar month, translating to an attractive 11% yield.

The thoughtfully designed layout maximizes both space and comfort. At its heart is a spacious open-plan kitchen/lounge/diner, featuring modern fittings and integrated appliances - perfect for contemporary living and entertaining. The apartment boasts two generously sized double bedrooms, with the primary bedroom benefiting from a convenient built-in wardrobe. Completing the living space is a stylishly appointed 3-piece bathroom, fitted to a high standard.

Location is key, and this property doesn't disappoint. Situated in Gateshead, it offers easy access to local amenities and shops for day-to-day convenience. For those seeking urban excitement, Newcastle city centre is just a leisurely 20-minute walk away, providing a wealth of cultural, dining, and entertainment options.

Given its attractive features, prime location, and strong investment potential, we strongly recommend arranging a viewing to fully appreciate the exceptional opportunity this property presents.

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: TBC
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.
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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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Mill Road, Gateshead, Tyne and Wear, NE8

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About Sold.co.uk, London

First Floor, 50 St. Mary Axe, London, EC3A 8FR
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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.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£559
We think you can borrow up to
Add your household income above
Powered bynationwideThe Nationwide Logo represents a symbol of financial strength and community, empowering members to achieve their goals
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Disclaimer - Property reference SLD250086. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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