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£65,000
South Frederick Street, South Shields, NE33
- 2 beds
£65,000
- 2 beds
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Estimate monthly mortgage payment:
£297 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
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READY MADE INVESTMENT OPPORTUNITY | CURRENTLY WITH TENANT IN SITU PAYING £395pcm | ROLLING PERIODIC AST | GROSS YIELD OF 7.3% | TWO BEDROOM S & 2 RECEPTION ROOMS | GREAT ACCESS AROUND SOUTH TYNESIDE
Originally a three-bedroom layout, this property has been smartly converted to include an additional reception room, creating a desirable dining area not commonly found in similar apartments. The front room, spacious and well-lit, is a generous main bedroom. The bathroom is conveniently situated off the main landing, an uncommon and practical layout compared to the typical positioning at the rear. The second bedroom enjoys a view of the property's front, adding to the appeal.
A standout feature is the lovely dining room area, connected to the living room by double doors. This setup offers versatile living space, easily adaptable as two separate areas or combined into one expansive room when the doors are open. The kitchen, equipped with fitted units, is accessed through the living room and leads down to a shared rear yard. Heating is provided by a gas combi boiler, and the property benefits from partial double glazing with secondary glazing to the front.
This investment is currently yielding £395pcm on a rolling periodic Assured Shorthold Tenancy (AST), with potential for rent increase. An Electrical Installation Condition Report (EICR) is already in place, adding to the value of this attractive investment.
Originally a three-bedroom layout, this property has been smartly converted to include an additional reception room, creating a desirable dining area not commonly found in similar apartments. The front room, spacious and well-lit, is a generous main bedroom. The bathroom is conveniently situated off the main landing, an uncommon and practical layout compared to the typical positioning at the rear. The second bedroom enjoys a view of the property's front, adding to the appeal.
A standout feature is the lovely dining room area, connected to the living room by double doors. This setup offers versatile living space, easily adaptable as two separate areas or combined into one expansive room when the doors are open. The kitchen, equipped with fitted units, is accessed through the living room and leads down to a shared rear yard. Heating is provided by a gas combi boiler, and the property benefits from partial double glazing with secondary glazing to the front.
This investment is currently yielding £395pcm on a rolling periodic Assured Shorthold Tenancy (AST), with potential for rent increase. An Electrical Installation Condition Report (EICR) is already in place, adding to the value of this attractive investment.
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
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- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
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Property details
£65,000
2 bed flat for sale
South Frederick Street, South Shields, NE33
READY MADE INVESTMENT OPPORTUNITY | CURRENTLY WITH TENANT IN SITU PAYING £395pcm | ROLLING PERIODIC AST | GROSS YIELD OF 7.3% | TWO BEDROOM S & 2 RECEPTION ROOMS | GREAT ACCESS AROUND SOUTH TYNESIDE
Originally a three-bedroom layout, this property has been smartly converted to include an additional reception room, creating a desirable dining area not commonly found in similar apartments. The front room, spacious and well-lit, is a generous main bedroom. The bathroom is conveniently situated off the main landing, an uncommon and practical layout compared to the typical positioning at the rear. The second bedroom enjoys a view of the property's front, adding to the appeal.
A standout feature is the lovely dining room area, connected to the living room by double doors. This setup offers versatile living space, easily adaptable as two separate areas or combined into one expansive room when the doors are open. The kitchen, equipped with fitted units, is accessed through the living room and leads down to a shared rear yard. Heating is provided by a gas combi boiler, and the property benefits from partial double glazing with secondary glazing to the front.
This investment is currently yielding £395pcm on a rolling periodic Assured Shorthold Tenancy (AST), with potential for rent increase. An Electrical Installation Condition Report (EICR) is already in place, adding to the value of this attractive investment.
Originally a three-bedroom layout, this property has been smartly converted to include an additional reception room, creating a desirable dining area not commonly found in similar apartments. The front room, spacious and well-lit, is a generous main bedroom. The bathroom is conveniently situated off the main landing, an uncommon and practical layout compared to the typical positioning at the rear. The second bedroom enjoys a view of the property's front, adding to the appeal.
A standout feature is the lovely dining room area, connected to the living room by double doors. This setup offers versatile living space, easily adaptable as two separate areas or combined into one expansive room when the doors are open. The kitchen, equipped with fitted units, is accessed through the living room and leads down to a shared rear yard. Heating is provided by a gas combi boiler, and the property benefits from partial double glazing with secondary glazing to the front.
This investment is currently yielding £395pcm on a rolling periodic Assured Shorthold Tenancy (AST), with potential for rent increase. An Electrical Installation Condition Report (EICR) is already in place, adding to the value of this attractive investment.