The Avenue, Felling, Gateshead, NE10 0JA

Two Bedroom Ground Floor Flat is offered with No Onward Chain. Ideal for first time buyers and investors.

The current tenants are purchasing their own property and are due to vacate on 19th November 2026, providing the opportunity for the property to be available with vacant possession.

Similar apartments in the area typically achieve rents of around £700 PCM, depending on their standard and presentation.

Please note that the flat falls within the Gateshead Selective Licensing Scheme, ensuring compliance with local regulations and providing further details available via the Gateshead Council website.

With a marketing price of £80,000, the property represents an approximate gross rental yield of 10.5%, based on a rental income of £8,400 per annum, subject to the final purchase price.

The flat has a valid EPC until July 2027, an EICR until March 2031 (however, this must be renewed on a change of tenant/owner), and a Gas Safety Certificate until April 2027.

The property comprises an entrance lobby leading to a hallway with storage cupboard.

There are two double bedrooms, with the main bedroom to the front featuring a bay window and the second bedroom to the rear.

The spacious lounge provides ample living space, while the kitchen has a built-in oven and gas hob with extractor fan over, space for a fridge/freezer, plumbing for a washing machine, a storage cupboard and a door providing access to the rear.

Externally, the property benefits from a pedestrianised frontage with a lawned garden. To the rear, there is an enclosed yard with off-street parking, accessed via double gates.

The property benefits from double glazed windows throughout and gas central heating, provided by a Baxi boiler.

We understand the flat is held on a 999-year lease from 10 July 1992, with approximately 965 years remaining. No ground rent or service charges are payable.

Full details will be confirmed by the solicitors.

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. QLF260521/2