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Flat
·
for sale
£ 55,000
2 bedroom flat for sale
Rectory Road NE8 Gateshead
· 2 Bedrooms · 1 Bath · Flat
Rectory Road NE8 Gateshead · 2 Bedrooms · 1 Bath · Flat
Mortgagees in possession are now in receipt of an offer for the sum of £55,500 for 147 Hyde Park Street, NE8 4QD.Anyone wishing to place an offer on the property should contact Your Move, 449-451 Durham Road, NE9 5EX,[use Contact Agent Button] before exchange of contracts or within the next 7 days whichever is sooner.Ground floor flat in need of modernisation. No chain involved. SOLD AS SEEN - including contents.Similar flats in the area can achieve rental incomes of around £650 per calendar month, depending on the standard of finish. Based on the asking price of £55,000, this represents an attractive gross rental yield of approximately 14.2%.With refurbishment and modernisation, there is potential for the property to achieve a value in the region of £80,000, subject to the quality of works completed and prevailing market conditions.Property is included in the HMO and selective licensing schemes introduced by Gateshead Council in June 2025 (Further details available on request)We under
Mortgagees in possession are now in receipt of an offer for the sum of £55,500 for 147 Hyde Park Street, NE8 4QD.Anyone wishing to place an offer on the property should contact Your Move, 449-451 Durham Road, NE9 5EX,[use Contact Agent Button] before exchange of contracts or within the next 7 days whichever is sooner.Ground floor flat in need of modernisation. No chain involved. SOLD AS SEEN - including contents.Similar flats in the area can achieve rental incomes of around £650 per calendar month, depending on the standard of finish. Based on the asking price of £55,000, this represents an attractive gross rental yield of approximately 14.2%.With refurbishment and modernisation, there is potential for the property to achieve a value in the region of £80,000, subject to the quality of works completed and prevailing market conditions.Property is included in the HMO and selective licensing schemes introduced by Gateshead Council in June 2025 (Further details available on request)We under
£ 55,000