York Street, Pelaw, Gateshead
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Key features
- Recently renovated two bedroom ground floor flat in Pelaw
- Spacious living room with feature chimney breast
- Large windows providing excellent natural light
- Modern kitchen with high gloss grey cabinets
- Integrated oven, hob, and extractor included
- Two bright double bedrooms with neutral decor
- Stylish fully tiled bathroom with shower over bath
- Private rear yard ideal for outdoor space
- Close to Metro stations, bus links, and local schools
- Generates £7,800 annual rental income with 9.18% yield
Description
The property presents an excellent investment opportunity, currently generating an annual rental income of £7,800 and offering an attractive rental yield of 9.18%.
The property features a spacious and inviting living room, complete with soft grey carpets, a striking feature chimney breast, and large windows that flood the space with natural light. The modern kitchen is finished to a high standard, offering light grey high-gloss cabinets, a white metro-tiled splashback, and stylish grey tiled flooring. It comes fully equipped with an integrated oven, hob, and extractor.
To the front of the property is a generously sized double bedroom, mirroring the living room in its bright and airy feel. A second double bedroom is located at the rear, featuring neutral décor and grey carpets, making it a versatile space suitable for a home office or dressing room. The bathroom is fully tiled in white and includes a shower over the bath, basin, WC, and a chrome towel radiator.
Externally, the property benefits from a private rear yard, perfect for enjoying fresh air or entertaining guests. Situated in a convenient location, the flat is within easy reach of local Metro stations, bus links, and well-regarded schools including Wardley Primary School and Heworth Grange School.
Lounge - 4.22 x 4.10 (13'10" x 13'5") -
Kitchen - 3.02 x 2.05 (9'10" x 6'8") -
Bedroom 1 - 4.36 x 4.31 (14'3" x 14'1") -
Bedroom 2 - 3.06 x 2.29 (10'0" x 7'6") -
Bathroom - 1.70 x 1.94 (5'6" x 6'4") -
Brochures
York Street, Pelaw, GatesheadBrochure- 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.
- Ask agent
York Street, Pelaw, Gateshead
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Visit our security centre to find out moreDisclaimer - Property reference 34687457. 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 Hive Estates, Newcastle upon Tyne. 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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