Offers over
£150,000
(£188/sq. ft)
2 bed property for saleMill Road, Gateshead NE8
2 beds
2 baths
1 reception
797 sq. ft
EPC Rating: C
- Leasehold
Bricks & Mortar
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About this property
Spacious Flat
Investment Opportunity
Starter Home
Allocated Parking
Ensuite Bathrooms
Large Living Area
Close to City Centre
6.6% Yield, net of Service Charge and Ground Rent
Access to Newcastle Quayside via Gateshead Millennium Bridge
Currently tenanted at £1100 per calendar month
Lift access
Bricks and Mortar Presents - Nestled on Mill Road in the vibrant area of Gateshead Arts Quarter, this delightful property offers a perfect blend of comfort and convenience. Spanning an impressive 797 square feet, this residence features two well-proportioned bedrooms and two modern bathrooms, making it an ideal choice for small families, couples, or professionals seeking a city base.
Constructed in 2003, the property boasts contemporary design elements and a welcoming atmosphere. The spacious reception room provides an excellent space for relaxation or entertaining guests, while the well-equipped kitchen ensures that culinary enthusiasts will feel right at home.
One of the standout features of this property is the dedicated parking space for one vehicle, an asset in a bustling urban environment. The location is particularly advantageous for those who work in the city, with excellent transport links and local amenities just a stone's throw away. The property is only minutes away from The Glasshouse International Centre for Music and the Millennium Bridge which gives pedestrian access to the Newcastle Quayside and City Centre.
With a net rental yield of 6.6%, this property presents a fantastic investment opportunity for those looking to expand their portfolio. Its prime location and modern features make it a desirable option for tenants, ensuring a steady stream of rental income.
In summary, this property on Mill Road is not just a home; it is a gateway to a vibrant lifestyle in Newcastle and Gateshead. Whether you are looking to invest or seeking a comfortable living space, this residence is sure to meet your needs. Don't miss the chance to make this property your own.
Disclaimer – These particulars are for guidance only and do not form part of any contract. Whilst care has been taken in their preparation, we do not hold ourselves responsible for any inaccuracies. They are issued on the understanding that all negotiations will be conducted through this company.
Bricks & Mortar Group Give Notice That;- 1. These particulars do not constitute any part of an offer or a contract. 2. All statements contained in these particulars to this property are made without responsibility on the part of the Agents or the Vendor/Lessor. 3. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 4. The particulars, various plans, photographs, descriptions and measurements have been carefully prepared, but their accuracy is not guaranteed and any intending Purchasers/Lessees shall satisfy themselves by inspection or otherwise as to their correctness. No omission, accidental error or misdescription shall be a ground for a claim neither for compensation nor the recession of the Contract by either the Vendor/Lessor or the Purchaser/Tenant. 5. Neither the Vendor/Lessor nor Bricks & Mortar Group nor any person in employment has any authority to make or give any representation or warranty in relation to the property. 6. The copyright of all details, photographs and floorplans remain exclusive to Bricks & Mortar Group and no third party shall use these without express written consent by the company.
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More information
Tenure
Leasehold (226 years)
Service charge
£3,158 per year
Council tax band
D
Ground rent
£150
Ground rent date of next review