Frazer Terrace, Pelaw, Gateshead, NE10 0YA

Three Bedroom Family Home with Rear Garage, Loft Conversion Potential and Convenient Access to Local Shops.

Similar properties in the area can achieve rental income of around £900 per calendar month, depending on condition and specification.

Based on the asking price of £170,000, this represents a potential gross rental yield of approximately 6.4%.

The property comprises an entrance porch leading into the entrance hall, with stairs rising to the first floor.

The lounge features a fireplace, while the separate dining room provides ample space for a table and chairs, along with two useful storage cupboards.

The kitchen is fitted with a range of wall and base units and benefits from plumbing for a washing machine, space for a fridge freezer, built-in oven, grill and microwave, hob with extractor over, and a door leading to the rear garden.

To the first floor, the landing has a useful storage cupboard and provides access to the loft, which offers potential for conversion, subject to the necessary planning permissions and building regulations.

There are two double bedrooms, with the front bedroom benefiting from a fitted wardrobe, a further double bedroom with space for a wardrobe, and a third bedroom to the front.

Externally, the front garden is enclosed and approached via a gated pathway.

To the rear is a low-maintenance patio garden, which is enclosed and features a small greenhouse, access to the garage and a further gate providing rear access.

The garage benefits from electricity, lighting and power sockets, together with an up-and-over garage door.

The property has also benefited from a number of improvements over the years, including a replacement roof, double glazing, a fitted kitchen and a modern refitted bathroom, providing a well-maintained and practical family home.

The property is understood to be freehold. The property benefits from double-glazed windows and gas central heating via a combination boiler.

Agents Note: The property is currently unregistered with HM Land Registry. The title deeds have been reviewed and will be provided as part of the conveyancing process.

Registration with HM Land Registry will be completed by the purchaser's solicitors following completion.

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.

Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.

The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.

All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.

If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.

POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.

POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.

A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.

Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QLF260439/2