£50,000 Offers over

2 bedroom Mid Terrace House for sale,
Clyde Street, Chopwell, Newcastle upon Tyne, NE17

Features and Description

  • Two-bedroom terraced house
  • Tenant in situ paying £424pcm
  • Gross yield of circa 10% at asking price
  • Approximate floor area: 86sq.m/927sq.ft.
  • EPC rating: C (69)
  • Council tax band: A

A mid-terraced house with two bedrooms that has the benefit of a tenant in situ, making this an excellent option for buy-to-let investors looking to create or expand their portfolio.

The current tenants have called this their home for over 15 years and are paying £391.24 every four weeks (paid directly through housing benefit) - which is equivalent to £423.84 per calendar month - on a periodic tenancy agreement. At a sale price of £51,000 this would represent a gross yield of approximately 10% a year.

With uPVC double glazing and a combi. boiler (Vokera), the house has an excellent energy efficiency rating of C (69), which is valid until 29th October 2031, and has current/valid electrical certificate (EICR) until June 2026 and gas safety record (up to 6th April 2024). The accommodation comprises, on the ground floor: entrance into the dining room, with laminate flooring and which opens into the living room, with a gas fire and with stairs to to the first floor. A door leads through to the galley-style kitchen to the rear, which is fitted with white units and includes the electric oven and hob and has a door out to the rear yard. Off the kitchen, a small lobby leads to the bathroom and separate toilet.

Clyde Street, Chopwell, Newcastle upon Tyne, NE17

Additional Information

  • Property ref
    QRW230321
  • EPC
    C
  • Tenure
    Freehold
  • Council Tax
    A
  • Local authority
    Gateshead Council
Abi Raine Branch Manager
Abi Raine
Branch Manager

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Your Move Estate Agents Rowlands Gill

Rowlands Gill Branch Manager
Your Move Rowlands Gill
54 Station Road, Rowlands Gill, NE39 1JH
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Energy Efficiency Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

69

Potential

87

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A