2 bed flat for sale

Green Lane, Gateshead NE10

• Prime new listing. We are excited to present this vacant two-bedroom flat located within a prime location in Gateshead.

• Sales Evidence: **68, Friars Wharf Apartments, Green Lane, Felling Central, Gateshead NE10 0QX sold for £120,000 in Sep 2024; 28, Friars Wharf Apartments, Green Lane, Felling Central, Gateshead NE10 0QX sold for £155,000 in Feb 2020**

• For investors, the property offers a potential rental income of £1,000 per month (£12,000 per annum) based on current market rates.

• The property will be sold vacant and in walk-in condition, making it ideal for first-time buyers, downsizers or investors seeking an easily lettable home.

• The property enjoys excellent access to local amenities, parks, cafés, restaurants, schools and convenient public transport links close by.

Prime new listing. We are excited to present this vacant two-bedroom flat located within a prime location in Gateshead.

The property comprises a bright and airy living room, a well-appointed kitchen, two spacious bedrooms and ample storage throughout.

For those seeking a buy-to-let opportunity, the property offers a potential rental income of £1,000 per month (£12,000 per annum) based on current market rates. As the flat is being sold vacant, it is ready for tenants or new owners to move into, making it an appealing option for investors looking for a readily lettable property as well as owner-occupiers seeking a straightforward purchase.

The property will be sold vacant and is presented in walk-in condition, making it an excellent choice for first-time buyers, smaller families, those looking to downsize or shrewd investors searching for an easily lettable property in a sought-after location.

The property is located near a whole host of local amenities including parks, restaurants, coffee shops and schools, with public transport easily accessible nearby.

The property is being offered at a fantastic discount to ensure a sale. It should appeal to anyone looking for a straightforward purchase with excellent upside potential.

The property benefits from a lease with approximately 103 years remaining. Additional outgoings include an average monthly ground rent of £12.50 and an average monthly service charge of £316.00.

Excellent sales evidence in the area: **68, Friars Wharf Apartments, Green Lane, Felling Central, Gateshead NE10 0QX sold for £120,000 in Sep 2024; 28, Friars Wharf Apartments, Green Lane, Felling Central, Gateshead NE10 0QX sold for £155,000 in Feb 2020**

This lot is open to immediate offers. Should you wish to offer now, you can do so via our "Offer now" button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

The buyer will contribute £650 + VAT towards the seller's legal fees.

Location

Gateshead is a popular and well-connected area that appeals to a wide range of buyers and tenants alike. The location offers excellent access to everyday amenities, including shops, supermarkets, cafés and restaurants, along with nearby parks and green spaces for leisure and recreation. Families benefit from a good choice of local schooling, while professionals appreciate the convenient transport links and easy access into Newcastle city centre and surrounding areas. With its blend of residential appeal, strong commuter convenience and established local amenities, Gateshead continues to be a highly desirable place to live and invest.

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