1. Property photo 1 of 6 Kitchen/Lounge/Diner
  2. Property photo 2 of 6 Front Of Building
  3. Property photo 3 of 6 Kitchen Area

Offers over

£120,000

2 bed flat for sale
Mill Road, Gateshead, Tyne And Wear NE8

    • 2 beds

    • 1 bath

  • EPC Rating: C

  • Chain free
  • Leasehold

Sold.co.uk

Logo of Sold.co.uk

About this property

  • 2 Bedroom Apartment

  • No Onward Chain

  • Ground Floor

  • Great Investment Opportunity or First Time Purchase

  • Modern Fittings Throughout

  • Potential Yield of Over 10%

  • Built-In Wardrobe

  • Private Balcony

  • Close to City Centre

  • 226 Year Lease

We are delighted to bring to market this exceptional 2-bedroom ground floor apartment, ideally situated on Mill Road in Gateshead. This property presents an outstanding opportunity for first-time buyers or astute investors, with the added advantage of no upward chain. The apartment's potential is evident in its impressive rental history, having previously generated £1200 per calendar month, translating to an attractive 11% yield.

The thoughtfully designed layout maximizes both space and comfort. At its heart is a spacious open-plan kitchen/lounge/diner, featuring modern fittings and integrated appliances - perfect for contemporary living and entertaining. The apartment boasts two generously sized double bedrooms, with the primary bedroom benefiting from a convenient built-in wardrobe. Completing the living space is a stylishly appointed 3-piece bathroom, fitted to a high standard.

Location is key, and this property doesn't disappoint. Situated in Gateshead, it offers easy access to local amenities and shops for day-to-day convenience. For those seeking urban excitement, Newcastle city centre is just a leisurely 20-minute walk away, providing a wealth of cultural, dining, and entertainment options.

Given its attractive features, prime location, and strong investment potential, we strongly recommend arranging a viewing to fully appreciate the exceptional opportunity this property presents.

Zoopla insights

Sign in and gain expert analysis to make informed decisions

Stamp duty calculator

Our instant calculator helps you understand how much stamp duty is due on property purchases in England & Northern Ireland. Read the latest stamp duty news

From 1st April 2025 £-

This calculation is intended as a guide only. We are unable to provide financial advice, so it's important to consult with an adviser. It applies to UK residents purchasing residential properties in England and Northern Ireland, but does not apply if the purchase is made through a company.

More information

  • Tenure

    Leasehold (226 years)

  • Service charge

    £1,800 per year

  • Council tax band

    A band has not yet been confirmed.

  • Ground rent

    £150

  • Ground rent date of next review

See all recent sales in NE8

Property descriptions and related information displayed on this page are marketing materials provided by - Sold.co.uk. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Sold.co.uk for full details and further information.