Summary - 12 MARLBOROUGH CRESCENT GATESHEAD NE9 7JY
2 bed 1 bath Flat
Two-bedroom buy-to-let with tenant in situ and c.8.5% gross yield — investor-friendly..
Current annual gross income £5,940; tenant in situ and wish to remain
A practical investment opportunity in Gateshead: a two-bedroom, 635 sq ft leasehold flat currently let and producing an annual gross income of £5,940. The long lease (979 years) reduces long-term lease concerns, making this straightforward for a buy-to-let portfolio or a developer seeking steady rental return. The property includes a private rear garden and on-street parking, features that help tenant demand.
Positioned in a deprived area with high recorded crime, this asset is best suited to experienced investors who accept location-related risks in return for income. The current tenancy has been stable for several years and the occupiers wish to remain, so completion would transfer an income stream immediately. At the listed price of £70,000 the gross yield is approximately 8.5% (gross), which will appeal to income-focused buyers.
The flat appears to be of average overall size and shows signs it may benefit from updating; the listing material lacks internal and external photographs and a floorplan, so buyers should obtain full visuals and the Let Property Pack before bidding. Note the sale terms include a Buyer’s Premium to secure the transaction — factor this into your acquisition costs and affordability checks.
This is a functional, income-generating lot rather than a turnkey home. Consider it for adding steady cashflow to a portfolio, or for a light refurbishment to increase rent and capital value. Complete due diligence on estate costs, tenant status and local market conditions before proceeding.
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