Lambley Close, Sunniside, Newcastle upon Tyne

Lambley Close is a well presented two bedroom ground floor flat in Sunniside, Newcastle, NE16, offered for sale with a reliable tenant already in situ, currently paying £750 per calendar month and reflecting an attractive yield of approximately 8%, a genuine hands off opportunity for portfolio investors.

Sold with Tenant in Situ:

This property comes with rental income secured from day one, removing any void period or re letting costs for the incoming investor. The current tenancy provides an immediate, reliable return, making this a straightforward addition to any buy to let portfolio.

Features and benefits throughout:

The property has been well maintained, with a range of recent upgrades adding real value for the incoming investor. These include a new boiler, with existing warranty until 2029, along with replacement pipework to each radiator and new radiators fitted to the majority of the flat.
The pipework has been replaced throughout to each radiator, allowing the heating system to now operate correctly and efficiently.

The property also benefits from a new shower and screen in the bathroom, a private, south facing rear garden, and a private detached single garage, an unusual and valuable combination for this style of property, offering both outdoor space and secure parking or storage.

Well connected Sunniside location:

The property sits in a popular residential pocket of Sunniside, within easy reach of local amenities. Whickham School is approximately 1 mile away, around a 4 minute drive, while the Metrocentre is roughly 2.5 miles away, around a 10 minute drive, offering extensive shopping, dining and the adjoining train station with regular services into Newcastle. Newcastle city centre itself is around 4.5 miles away, approximately 15 to 20 minutes by car, and Queen Elizabeth Hospital, Gateshead, is roughly 4 miles away, around a 12 to 15 minute drive. Blaydon train station is also close by, approximately 3 miles away, providing further rail links along the Tyne Valley line.

Within the property, the kitchen is fitted with a range of white wall and base units and contrasting worktops, finished with an attractive patterned tiled floor, with a window and door overlooking the rear garden.

The lounge is a generous, well proportioned reception room, currently laid with carpet, with a double window for natural lighting.

The property offers two bedrooms, both neutrally decorated and carpeted throughout, one benefiting from a pleasant outlook over the surrounding greenery.

The bathroom has been recently updated with a new shower and glass screen, complemented by part tiled walls, patterned flooring, and a modern white three piece suite.

Externally, the rear garden enjoys a south facing aspect and is laid mainly to lawn with a paved patio area, bordered by mature hedging, a lovely private outdoor space for tenants to enjoy. Completing the property is a private detached single garage, accessed via a secure roller door, providing valuable additional storage or off street parking.

Council Tax Band: A (Gateshead Council)
Tenure: Leasehold (137 years)
Ground Rent: £0 per year
Service Charge: £0 per year
*Peppercorn Rent