Foster Drive, Gateshead

A fantastic opportunity to acquire this two-bedroom flat in Foster Drive, ideally suited to both first-time buyers and investors, offering comfortable living in a well-connected location.

Ideal for Investors & Homebuyers:

This property presents a great opportunity for both owner-occupiers and investors alike. With an estimated rental income of £800 PCM, depending on the condition. This would achieve an approximate yield of 10%, making it an attractive buy-to-let option.

Well-Connected Location:

Situated just 10 minutes from Newcastle City Centre and 12 minutes from the Metrocentre, the property is perfectly positioned for access to shopping, dining, and employment opportunities. Gateshead Stadium is only a 5-minute walk away, and Newcastle Central Station is just an 8-minute drive, providing excellent transport links for commuters.

EPC Rating C:

The property benefits from an EPC rating of C, offering good energy efficiency for both homeowners and tenants.

The property comprises a carpeted living room, benefitting from a large window allowing plenty of natural light to fill the space.

An archway leads through to the kitchen, which is fitted with white cabinets and black worktops, creating a clean and modern feel. The kitchen is positioned in a corner layout, offering ample storage, and includes an integrated oven and hob. The kitchen also provides an integrated fridge freezer, washing machine and dish washer. This allows a seamless move-in with no further costs of purchasing white goods.

There is one double bedroom, which is carpeted and benefits from built-in wardrobes, providing excellent storage space. The second bedroom is a single room, also carpeted, making it ideal as a guest room, office, or additional bedroom.

The bathroom is fitted with a walk-in shower, offering practicality and convenience.

The property benefits from an allocated parking space, providing convenient and secure off-street parking, a highly desirable feature for both homeowners and tenants.

Additionally, the property is offered with a long leasehold, with approximately 100 years remaining, giving buyers peace of mind and making it an attractive, mortgageable option for both residential purchasers and investors alike.

Foster Drive is well positioned for access to a wide range of local amenities, as well as excellent transport links. The property is conveniently located near major road networks such as the A184 and A1, providing easy access to Newcastle, Gateshead, and surrounding areas, making it ideal for commuters travelling further afield.

Council Tax Band: A (Gateshead Council)
Tenure: Leasehold (100 years)
Ground Rent: £100 per year
Service Charge: £128.39 per month
The property was purchased in 2003 and the lease was for 125 years.