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Fern Dene Road, Gateshead NE8 2 bed terraced house for sale
Fern Dene Road, Gateshead, NE8
£125,000
Fern Dene Road, Gateshead, NE8
£125,000
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 an attractive investment opportunity or a great option for first-time buyers. Currently rented until November 2025, it generates a rental income of £725 per month, offering a gross yield of approximately 12%. The property features a spacious lounge, dining room, well-equipped kitchen, and three bedrooms, including a partially tiled bathroom. With gas central heating and double-glazed windows, it's a comfortable and energy-efficient home. The property has valid certificates for electrical, gas, and energy performance, and is freehold. Investors can take advantage of the strong returns, while first-time buyers can benefit from a great location and affordable price.