Mount Lonnen, Eighton Banks, Gateshead, NE9 7UZ

Three Bedroom Mid-Terrace Home with No Chain Involved. Requires Modernisation. SOLD AS SEEN.

Similar houses in the area can achieve rental incomes of around £825 per calendar month, depending on the standard of finish.

Based on the asking price of £145,000, this represents an attractive gross rental yield of approximately 6.83%.

With refurbishment and modernisation, there is potential for the property to achieve a value in the region of £190,000, subject to the quality of works completed and prevailing market conditions.

The entrance lobby leads into a welcoming lounge featuring a fireplace, with stairs rising to the first-floor landing.

To the rear, the dining area provides ample space for a table and chairs, with French doors opening directly onto the rear garden.

The kitchen has space for a fridge/freezer, built-in oven and electric hob, together with plumbing for a washing machine.

To the first floor, the landing benefits from a useful storage cupboard and provides access to three bedrooms, including two double bedrooms positioned to the front and rear, along with a further bedroom to the front.

The bathroom/WC has a bath with shower attachment over, partial tiling and a radiator.

Externally, the property features an open-plan front lawn and an enclosed rear garden, providing an outdoor space.

There is also the benefit of a garage located within a separate block, together with additional parking. Additional benefits include double glazing and gas central heating via a combination boiler.

Please note that any services, heating system, or appliances have not and will not be tested and no warranty can be given or implied as to their working order.

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. QLF260298/2