Summary - 37 FERN DENE ROAD GATESHEAD NE8 4RT
2 bed 1 bath Terraced
Chain-free rental yield opportunity near local schools and amenities.
Chain-free freehold terraced house, currently tenanted until 23 Nov 2025
Gross rental income £725 pcm; approximate 12% gross yield at asking price
Built c.1900–1929 with Victorian bay windows and high ceilings
Double glazed windows and gas central heating with combi boiler
Valid EICR until Feb 2026 and Gas Safety CP12 until Nov 2025
EPC rating D (valid to Feb 2031); potential to improve efficiency
Solid brick walls; no assumed external wall insulation
Area shows very high deprivation; small rear yard and average crime
This Victorian mid-terraced house on Fern Dene Road is offered chain-free and currently let on a 12-month tenancy until 23 November 2025, producing £725 pcm. At the asking price the property presents an attractive gross yield of around 12%, making it a clear income-first opportunity for investors seeking immediate returns.
Internally the house retains period features such as a front bay window and high ceilings across an 872 sq ft layout: entrance lobby, front lounge, rear dining room, kitchen, two double bedrooms and a bathroom. The home has double glazing throughout, mains gas central heating with a combi boiler, and a valid EICR until February 2026 plus Gas Safety (CP12) until November 2025 and EPC rating D (valid to February 2031).
Practical considerations: the property is solid brick and was built c.1900–1929, so external wall insulation is not present (assumed). The area scores high on deprivation and its local demographic is an urban cultural mix; crime levels are average. The rear yard is private but small. These factors affect demand and management costs and should be weighed alongside the strong headline yield.
Suitable for a buy-to-let investor looking for immediate rental income and long-term capital potential, or a first-time buyer prepared to take on a tenanted purchase. Maintenance or modernization may be needed to improve EPC and tenant appeal; important safety certificates are in place for the current tenancy.
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