Fern Dene Road, Gateshead NE8 2 bed terraced house for sale

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Fern Dene Road, Gateshead NE8 2 bed terraced house for sale

Fern Dene Road, Gateshead, NE8
£120,000

Our Summary

  • This property presents a fantastic investment opportunity, currently let on a 12-month tenancy agreement until 23rd November 2025, generating a rental income of £725 per calendar month
  • Investment Opportunity

Description

This mid-terraced house is a fantastic investment opportunity or a great option for first-time buyers. The property is currently let on a 12-month tenancy agreement, generating a rental income of £725 per month, and offers a gross yield of approximately 7.25%. The property features a spacious lounge, dining room, well-equipped kitchen, and three bedrooms, including a partially tiled bathroom with a white suite and shower. The property has a private and enclosed rear yard and is heated by a gas combi boiler. The property also benefits from double glazed windows and has a valid Electrical Installation Condition Report, Gas Safety Certificate, and Energy Performance Certificate. With no chain involved, this property presents a great opportunity for investors or first-time buyers to secure a strong return or a great first home.