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Get brand editions for Hive Estates, Newcastle upon Tyne

Edgefield Avenue, Gosforth, Newcastle Upon Tyne

PROPERTY TYPE

Apartment

BEDROOMS

2

BATHROOMS

1

SIZE

724 sq ft

67 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Investment opportunity in sought after Gosforth
  • £10,200 annual rental income
  • 12.75% rental yield
  • Spacious top floor two bedroom apartment
  • Two double bedrooms
  • Main bedroom with fitted wardrobes
  • Kitchen/diner with integrated appliances
  • Juliet balcony
  • Two Private garages and parking spaces
  • Excellent transport links and local amenities

Description

Hive Estates presents this fantastic investment opportunity to acquire a spacious top floor two bedroom apartment on Edgefield Avenue in Gosforth. Currently generating an annual rental income of £10,200, the property offers an attractive rental yield of 12.75%, making it an appealing addition to an investment portfolio.

Set within a sought after Gosforth location, the apartment benefits from a private garage and parking for up to two cars, alongside excellent transport links and access to well regarded local schools.

Flooded with natural light from large windows, the spacious living room provides a comfortable tenant-friendly reception space, complete with a built in gas fire, neutral décor and beige carpeting. A well equipped kitchen/diner features sleek black high gloss cabinetry, wood effect worktops and a range of integrated appliances including a fridge/freezer, microwave, electric oven, gas hob, dishwasher and washing machine. Adjacent dining space benefits from a Juliet balcony, creating a bright and practical area for tenants to enjoy.

Both bedrooms are well proportioned doubles, with the main bedroom benefiting from fitted wardrobes. Neutral decor and wood effect laminate flooring provide low-maintenance finishes throughout. Fully tiled from floor to ceiling, the bathroom is fitted with a jacuzzi bath with shower over, wash basin, WC and heated towel rail.

Externally, the property benefits from access to two private garage and two parking spaces, adding further appeal. Its popular Gosforth location provides easy access to local amenities, transport links and well regarded schools, making this a strong investment opportunity with an attractive rental return.

Lounge - 3.60 x 5.00 (11'9" x 16'4") -

Kitchen/Diner - 2.35 x 5.20 (7'8" x 17'0") -

Bedroom 1 - 3.60 x 3.50 (11'9" x 11'5") -

Bedroom 2 - 3.80 x 3.00 (12'5" x 9'10") -

Bathroom - 2.70 x 1.40 (8'10" x 4'7") -

Brochures

Edgefield Avenue, Gosforth, Newcastle Upon TyneBrochure
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.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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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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Edgefield Avenue, Gosforth, Newcastle Upon Tyne

Approximate location

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Affordability

Monthly repayments£452
Property: £ 95,000
Deposit: £ 9,500
Interest rate: 4.86%
Term: 30 years
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Renovation potential
Recently sold & under offer
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About Hive Estates, Newcastle upon Tyne

1 Starbeck Avenue Sandyford Newcastle Upon Tyne NE2 1RH

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Disclaimer - Property reference 34916575. 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.

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