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Offers over

£150,000

(£188/sq. ft)

2 bed property for sale
Mill Road, Gateshead NE8

    • 2 beds

    • 2 baths

    • 1 reception

    • 797 sq. ft

  • EPC Rating: C

  • Leasehold

Bricks & Mortar

Logo of Bricks & Mortar

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

See all recent sales in NE8

Property descriptions and related information displayed on this page are marketing materials provided by - Bricks & Mortar. 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 Bricks & Mortar for full details and further information.