Ovett Gardens, St James Village, Gateshead, Tyne and Wear, NE8 3JH
- PROPERTY TYPE
House of Multiple Occupation
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Substantial Townhouse Investment Opportunity
- 7-Bedroom HMO + Separate Self-Contained C3-Licensed Studio
- Private Kitchen & Private Bathroom Facilities
- 6 Bathrooms + 1 Ground Floor Cloakroom/WC
- Potential Income: Up to £46,000 per annum when fully let
- EPC Rating C (Excellent energy efficiency)
- Parking: Driveway / Off-Road Parking
Description
Generating a strong annual income, approximately £46,000, the property delivers an impressive yield. Gas and electricity costs are paid directly by the tenants, further enhancing the investment appeal. The property offers spacious accommodation arranged over three floors.
The accommodation comprises an entrance hallway, a kitchen diner, 7 bedrooms and 6 bathrooms, plus a ground floor cloakroom/WC. Externally, there is off-road parking for one vehicle and an enclosed rear garden. Next door to the property is the self contained studio apartment with a C3 license, its own private kitchen and bathroom.
The property's proximity to public transport links, major road networks, Newcastle city centre and Gateshead makes it particularly attractive to tenants, providing an investment that is ready to generate an immediate return.
Location
The subject property is located along Ovett Gardens, Gateshead, and is located within close proximity to transport links, local amenities and shops.
EPC
Available upon request (rating C).
Council Tax
Band C
Tenure
Freehold
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Brochures
Brochure- 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.
- Driveway
- 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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Ovett Gardens, St James Village, Gateshead, Tyne and Wear, NE8 3JH
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About Pattinson Estate Agents, Low Fell
425 Durham Road, Low Fell, Gateshead, NE9 5AN
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Visit our security centre to find out moreDisclaimer - Property reference 514503. 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 Pattinson Estate Agents, Low Fell. 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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