Offers over £55,000

2 bed flat for sale in East Hill Road NE8 (ref: RS029854)

Shortlist

Key features

  • Great Investment
  • Popular Location
  • Spacious Bedrooms
  • Wooden Floors
Welcome to East Hill Road. This property is a well-presented two-bedroom, one-bathroom apartment on East Hill Road, Gateshead, NE8. Keep reading to find out what makes this property unique!

Great Investment- Tenant in Situ at 12% Yield:

This property comes with a fantastic investment opportunity as it currently has a tenant in situ until November 2024. Whether you're an experienced investor or looking to start your property investment journey, having a reliable tenant already in place provides immediate rental income and reduces any initial void periods.

Popular Location:

This property enjoys a prime location with easy access to essential amenities as well as being only 5 minutes from Newcastle City Centre and the Queen Elizabeth Hospital in Gateshead. Its convenient position ensures the property will always attract tenants.

No Chain:

The property is offered for sale with no onward chain, streamlining the buying process and allowing for a smooth and hassle-free transaction. Buyers can proceed with confidence, knowing that there are no delays or complications associated with a chain.


Walking into the property you are greeted by a large, bright open plan living room/dining room as well as a modern fitted kitchen with wooden floors throughout. Following on from the kitchen there is a separate utility room allowing tenants to keep their large appliances out of the way freeing up more space in their home.

There are also two spacious double bedrooms with built-in wardrobes for extra storage space. You also have a family bathroom with a bath, overhead shower and separate toilet.

This house is located near many local amenities such as the Queen Elizabeth Hospital within a 10-minute drive, Newcastle City Centre, schools, shops, takeaways, and other everyday necessities.

Available: Now

Early viewing is highly recommended.





Council Tax Band: A (Gateshead Council)
Tenure: Leasehold (106 years)

Stamp duty due

Based on a sale price of £55,000 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

10 Property images

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Further details

  • Status: Available
  • Council tax band: A
  • Tenure: Leasehold
  • Reference: 558705

Location

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