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Carville Gardens, Wallsend, Tyne and Wear, NE28

Floorplan 1
1

Key features

  • Two-bedroom mid-terrace
  • Long-term tenants in place
  • Current rental income of £450pcm however market rate is £700pcm
  • Tenant is on a rolling contract
  • Strong rental growth potential
  • Potential gross yield of 8.84%

Description

Investment Opportunity
Carville Gardens, Wallsend, NE28 6BA
Asking Price: £95,000
________________________________________
Property Overview
We are pleased to present this two-bedroom mid-terraced property located in a well-established residential area of Wallsend. The property is being sold with long-term tenants in situ, offering investors immediate rental income from completion.
The property is in similar condition to comparable homes that have recently sold in the area at the same price point, demonstrating fair market positioning and strong local demand.
* Two-bedroom mid-terrace
* Long-term tenants in place
* Sold with tenants in situ
* Current rent: £450 PCM
* Tenant on rolling contract
* EPC Rating: D
* Strong rental growth potential
________________________________________
Investment Highlights
Immediate Income-Producing Asset
The property currently generates £450 per calendar month (£5,400 per annum) and has done so consistently for several years, providing stable and reliable income.
Rental Growth Opportunity
The current market rental value for similar properties in the area is approximately £700 PCM (£8,400 per annum), presenting a clear opportunity for income uplift in line with market conditions.
________________________________________
Financial Breakdown
At Asking Price: £95,000
Current Rental Income (£450 PCM)
* Annual Rent: £5,400
* Gross Yield: 5.68%
Market Rental Income (£700 PCM)
* Annual Rent: £8,400
* Potential Gross Yield: 8.84%
________________________________________
Buy-to-Let Scenario (25% Deposit, 5% Interest Rate)
Purchase Price: £95,000
25% Deposit: £23,750
Mortgage (75% LTV): £71,250
Interest Rate: 5% (Interest-Only Assumed)
Annual Mortgage Interest: £3,562.50
________________________________________
Based on Current Rent (£450 PCM)
* Annual Rent: £5,400
* Annual Mortgage Interest: £3,562.50
* Annual Pre-Tax Cash Flow (before costs): £1,837.50
* Return on Cash Invested (£23,750): 7.74%
________________________________________
Based on Market Rent (£700 PCM)
* Annual Rent: £8,400
* Annual Mortgage Interest: £3,562.50
* Annual Pre-Tax Cash Flow (before costs): £4,837.50
* Return on Cash Invested (£23,750): 20.37%
________________________________________
Location
Wallsend is a well-established rental location in the North East, benefiting from strong tenant demand, good transport links and proximity to Newcastle City Centre. The area remains popular with long-term renters, supporting stable occupancy levels.
________________________________________
Summary
This property presents a ready-made investment opportunity with:
* Immediate income from day one
* Long-term tenants already in place
* Strong potential for rental uplift
* Attractive leveraged returns
* Sensibly priced in line with comparable local sales
An ideal addition to any investor's portfolio seeking both stability and future growth potential.
________________________________________
LET PURE INVESTOR TAKE THE STRAIN AWAY ...
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide a fully managed service for landlords looking to minimise costs and maximise efficiency.
* Fully managed lettings and property management service
* Comprehensive coverage throughout England and Wales
* One team, one fee across your full portfolio
* Rental income protection available
* Transfer your existing properties quickly and easily
If you would like to find out more about our lettings and property management service, or discover how much we could save you each month, please contact our team on Tel:
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.
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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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Energy performance certificate - ask agent

Carville Gardens, Wallsend, Tyne and Wear, NE28

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Renovation potential
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About Pure, Manchester

The Lightwell, 61-63 Brown Street Manchester M2 2JG

Having sold investment properties for almost 14 years, Pure Investor is today one of the most established and recognisable property investment consultancies in the UK. Our commitment to the very highest levels of customer service has resulted in Pure Investor now being rated 4.9 out of 5.0 'Excellent' on Trustpilot.

Thinking Of Investing In Property In The UK?

We offer one of the UK widest portfolio's of investment properties available. From traditional, residential buy-to-let properties and purpose built student accommodation, through to market leading off-plan developments in locations including Manchester, London, Birmingham and many more destinations throughout the UK.

Our focus is genuinely consultative, and regardless of whether you're a first time property investor or an institution, we aim to assist our clients in achieving their long term investment goals through property. Many of our client have worked with Pure Investor for many years, both purchasing and selling their investment properties through us.

Thinking Of Selling?

We're one of the UK's leading providers of tenanted buy-to-let properties, and as such if you are considering selling your investment property, but are not sure how to sell with tenants in situ, why not contact our team today to find out about our specialist resales service? We have a global network of property investors who are proactive in purchasing tenanted properties to add to their current portfolios.

Thinking Of Renting Your Property Out?

We have one of the regions fastest growing lettings portfolios, and our full service property management and lettings service is specifically designed to cater for the demands of more established landlords operating throughout the North West of England.

Regardless of whether you are looking to invest in property, or sell your buy-to-let, why not give our team of experienced property consultants a call today to find out more about our services?

We look forward to speaking with you!

Your mortgage

Per year
Lenders usually expect a 10% deposit
%
Choose between 2 and 40 years
Years
Current average is 4.5%
%
Monthly repayments
£434
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 Carville-Gardens-Wallsend. 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 Pure, Manchester. 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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