Summary - 21 OCHRE MEWS GATESHEAD NE8 2FF
2 bed 2 bath Apartment
**Standout Features:**
- Modern duplex apartment in a sought-after location.
- Two spacious double bedrooms, including a master with en-suite.
- Open-plan living and dining area with impressive double-height ceiling and a feature arched window.
- High-spec fitted kitchen perfect for culinary enthusiasts.
- Off-street parking included.
- Currently tenanted for £1,150/month until December 2025, yielding a strong 6.4% return.
- Located along the picturesque River Tyne with easy access to Newcastle city centre.
**Downsides:**
- Property is leasehold (service charge of £1,525/year and ground rent of £230/year).
- Situated in a high-crime area and the broader location has high levels of deprivation.
This stunning duplex apartment offers an ideal opportunity for both investors and first-time buyers. Boasting a contemporary design blended with industrial charm, this spacious apartment features a beautifully appointed open-plan living space flooded with natural light and equipped with high-quality amenities. The well-sized bedrooms provide ample comfort, while the en-suite adds a touch of luxury. Enjoy tranquillity near the River Tyne, paired with the convenience of commuting to Newcastle city centre. Given the attractive rental yield and the potential for future appreciation in a rapidly developing area, this property won't be on the market for long—seize this chance for a rewarding investment or your next home!
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