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2 bed flat
Rawling Rd, Gateshead NE8
Auction
£55,000
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Our Summary
- FOR SALE BY AUCTION – Guide Price £55,000 Situated on Rawling Road, Gateshead, this two-bedroom flat presents an excellent investment opportunity
- Key Features For Sale by AuctionGuide Price £55,000Currently Let at £590 PCM (£7,080 PA)Tenant Has Served NoticePotential for Vacant PossessionTwo BedroomsGas Central HeatingDouble GlazingPopular Residential LocationExcellent Investment or First-Time Buyer Opportunity At the guide price of £55,000, the current rental income represents a gross yield of approximately 12
- 9%, with potential to increase upon re-letting subject to market conditions
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Description
The property is a two-bedroom flat situated on Rawling Road, Gateshead, with accommodation comprising two bedrooms, a spacious reception room, a fitted kitchen, and a bathroom. It has double glazing, gas central heating, and is close to local amenities, schools, and transport links. The property is connected to mains water, electricity, and sewerage, with central heating supplied by gas.