2 bed flat for sale

Rawling Rd, Gateshead NE8

For sale by auction – Guide Price £55,000

Situated on Rawling Road, Gateshead, this two-bedroom flat presents an excellent investment opportunity. The property is currently let at £590 per calendar month (£7,080 per annum). The current tenant has served notice, offering purchasers the flexibility to continue as a buy-to-let investment with the opportunity to re-let at market rent, or to occupy the property themselves once vacant possession is obtained.

The accommodation briefly comprises two bedrooms, a spacious reception room, fitted kitchen and bathroom. Ideally located close to local amenities, schools and excellent transport links into Gateshead and Newcastle, the property is well placed for both investors and owner-occupiers.

Key Features

• For Sale by Auction
• Guide Price £55,000
• Currently Let at £590 pcm (£7,080 pa)
• Tenant Has Served Notice
• Potential for Vacant Possession
• Two Bedrooms
• Gas Central Heating
• Double Glazing
• Popular Residential Location
• Excellent Investment or First-Time Buyer Opportunity

At the guide price of £55,000, the current rental income represents a gross yield of approximately 12.9%, with potential to increase upon re-letting subject to market conditions.

Water source: Mains.

Electricity source: Mains.

Sewerage arrangements: Mains.

Heating Supply: Central heating (gas).

Broadband internet type: Wireless.