£70,000
  • Ref: 11073
  • Type: Terraced House
  • Availability: Sold STC
  • Bedrooms: 3
  • Bathrooms: 1
  • Reception Rooms: 1
  • Tenure: Freehold
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    Property Features

    • 5 YEAR LEASE IN PLACE
    • RENT £685
    • RETURNS 8.1%
    • EPC D
    • CLOSE TO CITY CENTRE

    Property Description

    NEPI are pleased to bring you a three bedroom terraced house located in Scotswood which is situated only 3 miles from Newcastle City Centre as well as 2 miles from Gateshead Metro Centre
    This is a very rare opportunity to be able purchase a 3 bed family home in this location due to the rising house prices and high demand .
    The property is available with a 5 year fixed lease offering an excellent guaranteed income.
    The annual rent for the property is set at £7569 net per year, which totals £41,135 over the full five years of the contract.
    This is perfect long term investment generating a yield of over 8.1% (Based on purchase price, fees and refurbishment costs)
    ...

    Contact Us

    Address
    North East Property Lettings & Management Ltd
    11 Riverside Studios
    Amethyst Rd
    Newcastle Upon Tyne
    Tyne and Wear
    NE4 7YL

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