Flat for sale in Laygate, South Shields, Tyne And Wear NE33

Offers over £50,000
Interested in this property? Call +44 20 8022 6329 * or Request Details

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Flat for sale - 2 bedrooms

2 2 1 EPC Rating: C EPC Rating: C

Tenure:
Leasehold
Time remaining on lease:
80 years
Service charge:
£1,000 per year
Ground rent:
Not available
Council tax band:
B

Property features

  • Cash Buyers Only
  • Lounge/Diner
  • Kitchen
  • Bathroom
  • 2-Bedrooms
  • En-Suite Bathroom
  • Leasehold 79 Years Remaining
  • No Ground Rent
  • £1,000 Service Charge pa.
  • Residential Parking

Property description

***no chain***

Perfect for investors or first time buyers.

We are delighted to offer to the market this 2-bedroom third floor flat on Rekendyke Mews, South Shields.

The property offers a well-adapted layout and comfortable accommodation supporting a wide array of individual or collective family activities.

Investor opportunties the property is a great one given that it is able to achieve a rental income in excess of £600 per month at a yield of in excess of 14%.

This property has accommodation briefly comprising; The living room draws in an abundance of natural daylight creating a bright and airy feeling throughout with ample room for a dining table. The kitchen is fully equipped with fittings including sleek mounted units and contemporary work surfaces.

Continuing on there is a commodious master bedroom benefitting from an en-suite bathroom with a shower cubicle and an additional double bedroom with both rooms having extra space for storage. There is a family bathroom comprising of a modern 3-piece suite with a bath.

Externally there is residential parking.

Located only 2 minutes walk from the Metro so great to travel pretty much anywhere easily.

Investment wise similar properties are achieving up to £600 per month rental income giving a great yield of 12% so is a perfect investment given the cost and the location.
Viewing highly recommended to appreciate the opportunity on offer.

Lounge/Diner (4.67m x 4.67m)

Kitchen (3.78m x 2.06m)

Bathroom (2m x 1.98m)

Bedroom (3.05m x 1.88m)

Bedroom (4.37m x 2.24m)

Hall (3.96m x 2.4m)

Property info

Floorplan(s): Floorplan

Floorplan View original

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For more information about this property, please contact
Sold.co.uk, EC3A on +44 20 8022 6329 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Sold.co.uk, and do not constitute property particulars. Please contact Sold.co.uk for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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