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Eastbourne Avenue, Gateshead NE8 5 bed terraced house for sale
Eastbourne Avenue, Saltwell, Gateshead, NE8
£134,950
Eastbourne Avenue, Saltwell, Gateshead, NE8
£134,950
Our Summary
- Five bed terraced house split into two flats with no chain and excellent investment opportunity near Saltwell Park
- Based on a combined rental income of £1,600 per month, the flats offer a strong potential rental yield of approximately 14% at the asking price
- Some Updating Required
Description
This five-bedroom terraced house has been converted into two flats, offering an excellent investment opportunity. The property is being sold as seen, including its contents, and has no chain. The ground floor flat features a large double bedroom, a second bedroom, a lounge, kitchen, and bathroom, while the first floor flat has three bedrooms, a lounge, kitchen, and bathroom. Both flats have gas central heating and double glazed windows. The property has the potential to generate a strong rental income of £1,600 per month, offering a rental yield of approximately 14% at the asking price. The flats are located near Saltwell Park and similar properties in the area let for up to £800 per month.