Saltwell Street, Tyne and Wear NE8 2 bed end of terrace house for sale

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Saltwell Street, Tyne and Wear NE8 2 bed end of terrace house for sale

Saltwell Street, Gateshead, Tyne and Wear, NE8
£120,000

Our Summary

  • Comparable homes in the area have rented for up to £900 per month, depending on condition and presentation, suggesting strong potential for increased returns

Description

This two-bedroom end-terrace home is an excellent investment opportunity or first-time buyer's dream, available with no chain and a tenant in situ or vacant possession. Currently rented at £600 per month, the property generates a gross yield of approximately 6% based on the asking price, with potential for increased returns as comparable homes in the area have rented for up to £900 per month. The property requires a Selective Landlord Licence and has valid EICR and Gas safety certificates until 2028 and 2025, respectively. The home features a spacious lounge with a feature fireplace, separate dining room, fitted kitchen, and two good-sized bedrooms, including one with an L-shaped area for clothes storage. The bathroom is equipped with a bath, shower taps, wash hand basin, and toilet. With a Freehold title, this property offers a great chance for investors or first-time buyers to secure a solid investment or home.