Summary - 44 HOWE STREET GATESHEAD NE8 3PP
3 bed 1 bath Flat
High-yield investment with long lease and refurbishment potential.
Chain-free first-floor flat, immediate rental income
A chain-free first-floor flat offered as a clear buy-to-let starter or portfolio addition. The property is currently let at £650pcm (gross yield c.11.14% at the asking price) and sits on a long lease (approx. 971 years remaining). Practical advantages include gas central heating, double glazing, a private rear yard and very low local council tax (Band A).
The flat requires updating and cosmetic renovation throughout; rooms are small and the building is Victorian with solid brick walls and no assumed insulation. EPC rating E and the flat will need a selective landlord licence from 1 October 2025 — buyers should allow for licence fees and compliance costs. Current safety certificates (EPC, EICR, gas safety) are valid into 2026 but must be renewed on tenant or owner change.
Location factors affect demand: the area is classified as very deprived with high crime levels and constrained local aspiration, but rental demand is proven (similar flats achieve up to £800pcm depending on condition). The property is offered leasehold with no known service charge or ground rent; full legal checks should confirm these details. This is an investment-led opportunity for buyers willing to refurbish and manage tenancy compliance to secure immediate rental income and upside from redecoration or improvement.
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