Offers over
£120,000
2 bed flat for saleMill Road, Gateshead, Tyne And Wear NE8
2 beds
1 bath
EPC Rating: C
- Chain free
- Leasehold
Sold.co.uk
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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.
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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