Offers over
£70,000
2 bed maisonette for saleSaltwell Road, Gateshead, Tyne And Wear NE8
2 beds
1 bath
1 reception
- Share of Freehold
Sold.co.uk
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About this property
Ground Floor Maisonette
Great Investment Opportunity
2 Bedrooms
Sold Tenants in Situ - 6.75% Yield
683 Sq. Ft
Rear Garden/Courtyard
Share of Freehold
Long Lease - 980 Years Remaining
Close to Amenities
Short-Walk to Saltwell Park
*** tenants in situ - investors only ***
This two-bedroom ground floor maisonette on Saltwell Road, Gateshead presents an excellent investment opportunity with tenants already in place generating £480 per month rental income. Currently achieving a 6.75% yield, this property offers immediate returns for the savvy investor while maintaining potential for future value growth.
The maisonette's layout includes a spacious living room, fitted kitchen, two well-proportioned bedrooms, and a family bathroom. The larger bedroom offers particularly generous dimensions, while the second bedroom provides flexible accommodation. The property benefits from a practical floor plan that maximizes available space and functionality.
Located in a popular residential area of Gateshead, the property sits within easy reach of local amenities. Saltwell Park, one of the region's finest examples of a Victorian park, is just a short walk away. The property offers excellent transport links, with Gateshead town centre approximately 15 minutes' walk away and regular bus services running along Saltwell Road connecting to Newcastle city centre.
With tenants already in place providing immediate rental income, this property represents a ready-made investment opportunity. The consistent yield and established rental history make this an attractive proposition for both new and experienced investors. Early viewing is strongly recommended to appreciate the investment potential on offer.
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Tenure
Share of freehold
Service charge
Council tax band
A
Commonhold details