Bridges View, Gateshead NE8 2 bed flat for sale

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Bridges View, Gateshead NE8 2 bed flat for sale

Bridges View, Village Heights, Gateshead, NE8
£70,000

Our Summary

  • The apartment REQUIRES REFURBISHMENT and will appeal to first time buyers and investors alike
  • Refurbishment Required

Description

This second-floor apartment, located in a modern development, is being sold with no onward chain and requires refurbishment. It presents an excellent opportunity for first-time buyers and investors to put their own stamp on the property. The apartment is on a 125-year lease, starting in January 2002, with 101 years remaining. The annual ground rent is £50 and the annual service charge is £1270.10, with full details to be confirmed. The property is expected to generate a rental income of between £650pcm and £750pcm, depending on its condition, making it a solid investment opportunity.
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