5 bedroom property for saleSimonside Terrace, Heaton, NE6
- Investors or Home Buyers
- Tenanted on Periodic Agreements*
- £26,160pa Combined Income**
- 11.1% Gross Yield
- Pair Of Flats
- Four Bedroom Upper Maisonette
- One Bedroom Ground Floor Flat
- On Street Parking
- Shared Rear Yard
- EPC Ratings D & E
PAIR OF TYNESIDE FLATS consisting of a ONE BEDROOM ground floor flat and FOUR BEDROOM maisonette. Both properties are currently TENANTED on periodic tenancy agreements generating a combined rental income of £26,160 per annum representing (Upper maisonette rent inclusive of bills) a 11.13% gross yield.
Upper Maisonette - A UNIQUE maisonette set over two floors briefly comprising of a lounge, kitchen, four bedrooms all with EN-SUITE SHOWER ROOMS. Once inside the accommodation the internal hallway provides access to all rooms on the first floor. The lounge is located at the rear of the property and offers space for eating and relaxing in addition to French doors which lead to a SUN TERRACE, Alongside the lounge is the kitchen with a range of units to the wall and base, integrated gas hob / electric oven and extractor hood. To the front of the property are two DOUBLE bedrooms both with EN-SUITE shower rooms, neutral decor and carpet flooring. To the first floor are a further two double bedrooms with en-suite shower rooms. Externally there is a shared rear yard and on street parking.
Ground Floor Flat - A PLEASANT ground floor Tyneside flat with one double bedroom, lounge, kitchen and bathroom. To the rear of the property is the kitchen which boosts a range of units to the wall and base, integrated gas hob/electric oven and a door leading to the SHARED REAR YARD. Alongside the kitchen is the lounge with neutral colour schemes and laminate flooring, in addition to French doors leading to the shared rear yard. The fully tiled bathroom is located in the middle of the property and features a bath, wash hand basin and WC. The bedroom is located to the front of the property and is of generous proportions with an attractive bay window. Externally there is a SHARED REAR YARD and on street parking to the front.
Location - Simonside Terrace is located within walking distance to HEATON ROAD and CHILLINGHAM ROAD which offer local shops, bars and restaurants, as well as CHILLINGHAM ROAD PRIMARY SCHOOL and HEATON PARK. Public transport is easily accessible with bus services and metro routes to Newcastle City Centre.
Agents Note - *Vacant possession available on eight weeks notice.
**The rent for the upper maisonette is inclusive of utility bills, £70-£80 per person per month is allocated towards the bills.
Property details currently awaiting client approval.
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