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High Street, Felling, Gateshead, Tyne and Wear, NE10 9LU

PROPERTY TYPE

End of Terrace

BEDROOMS

3

BATHROOMS

2

SIZE

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

Freehold

Key features

  • Terraced house
  • Three bedrooms
  • En suite to master bedroom
  • Rear garden
  • Currently tenanted achieving £500pcm
  • Potential to increase rent
  • Auction property
  • Investors only

Description

If you're looking to invest in a property that promises both current rental income and future growth potential, this terraced house on High Street, Gateshead is the perfect opportunity for you.

Situated in a prime location, this property boasts three bedrooms, making it ideal for a small family or young professionals seeking a comfortable living space. The house features an en suite bathroom in the master bedroom.

One of the standout features of this property is its rear garden, providing a private outdoor space for relaxation or entertainment.

Currently, the property is tenanted, with tenants in place who are paying £500 per calendar month. This immediate rental income offers you a steady cash flow from day one, making it an attractive option for investors looking to start earning returns right away.

Moreover, the potential to increase the rent presents a lucrative opportunity to maximize your rental yield in the future. With some cosmetic updates or minor improvements, you can enhance the property's value and command a higher rental income, increasing your overall return on investment.

Don't miss out on this chance to own a three-bedroom house in a sought-after location with excellent rental prospects. Take advantage of the current rental income, unlock the property's potential, and start your real estate investment journey with this promising asset on High Street, Gateshead. Contact us today to learn more.

We have photographs of the neighboring property, which is of the same style, and can email them upon request.

For sale by Modern Auction – T&C's apply

This property is for sale by the Modern Method of Auction.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer’s solicitor. This time allows buyers to get in place any mortgage finance required (subject to lending criteria, affordability and survey).

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Roger Gilbert at Greetham Gilbert on .

The buyer will be required to sign a Reservation Agreement and make payment of a non-refundable Reservation Fee. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Buyers will be required to go through an identification verification process and provide proof of how the purchase would be funded.

*Guide Price: This is an indication of the seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction.

A Legal Pack will be made available for this property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.

TO MAKE A BID or REQUEST A LEGAL PACK – Please contact our office for more details.



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.
Rear garden
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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High Street, Felling, Gateshead, Tyne and Wear, NE10 9LU

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About Greetham Gilbert, Jesmond

25 Osborne Road, Jesmond, Newcastle Upon Tyne, NE2 2AH

Greetham Gilbert is a tech-based, forward-thinking estate agency, we are revolutionising the real estate industry by seamlessly integrating technology, innovation, and marketing excellence. We embrace cutting-edge advancements to transform the way properties are bought, sold, and showcased. Through our forward-thinking approach, we leverage the power of data analytics, and artificial intelligence to provide unparalleled insights and experiences for our clients. Our editorial standard marketing ensures that every property we represent receives strategic and targeted promotion across various channels, captivating potential clients and maximising exposure. With our tech-driven mindset, we constantly adapt and evolve to stay ahead of industry trends, delivering exceptional results and surpassing expectations. Experience the future of real estate with our visionary team, where technology meets innovation and marketing excellence to redefine the way properties are bought, sold and let.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£453
We think you can borrow up to
Add your household income above
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference GRT_GRT_LFSYCL_815_991417603. 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 Greetham Gilbert, Jesmond. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Greetham Gilbert, Jesmond on 0191 743 9741.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

*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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