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3 bedroom semi-detached house for sale

Springfield Road, Newcastle Upon Tyne NE5 3QQ

£115,000

Property Description

Key features

  • Net yields at 5.9%
  • Conservatory
  • Good public transport links
  • Easy access to Newcastle City Centre
  • Driveway parking
  • Front and rear gardens
  • Tenanted for an immediate return on investment

Full description

We are pleased to present this large 3 bedroom, 1 bathroom semi-detached house in the heart of Blakelaw, offered tenanted for instant returns on investment. The property comprises of a large living room, a spacious separate kitchen with ample cupboard space and worktops, a dining room and a conservatory. It also has 3 good sized bedrooms, one family bathroom and gardens to the front and rear. The property also comes with driveway parking.

The house is offered unfurnished and is currently tenanted returning a 5.9% net yield. The house is perfectly situated local to all amenities and benefits from good public transport links, with easy access to the A1 North and South and the Central Motorway into Newcastle City Centre.

Financial Breakdown

Gross rent: £7,800
Ground rent: £0
Service charge: £0
Lettings fees: £420
Net income: £7,380
Gross yield: 6.78%
Net yield: 6.42%

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.



yieldit ref: YL-13071


Listing History

Added on Rightmove:
19 December 2018

Map & Street View

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