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
£130,000

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 first-time buyer's dream, currently let on a 12-month tenancy agreement until November 2025, generating a rental income of £725 per month. The property features a spacious lounge with bay window, dining room, well-equipped kitchen, and three bedrooms, including a partially tiled bathroom/WC with white suite and shower. The property also benefits from a private and enclosed rear yard, gas central heating via combi boiler, and double glazed windows throughout. With a valid Electrical Installation Condition Report, Gas Safety Certificate, and Energy Performance Certificate, this property is well-maintained and ready for occupation. The asking price offers an attractive gross yield of approximately 12%, making it an ideal choice for investors seeking strong returns from day one.