Summary - 9, Tulip Street, GATESHEAD NE10 0BB
3 bed 1 bath Flat
Three-bedroom buy-to-let with tenant in situ and rental uplift potential.
Long-term tenant in situ producing £7,800 gross per year
Potential market rent increase to about £8,580 annually
Leasehold tenure; buyer’s premium applies on purchase
Small overall size: 689 sq ft, compact rooms throughout
Located in a very deprived area with high local crime rate
Period Victorian stonework and high ceilings offer character
Good broadband and excellent mobile signal for tenants
Requires investor aware of area risks and possible refurb works
This three-bedroom leasehold flat on Tulip Street offers a clear buy-to-let opportunity for investors seeking an income-producing asset in Gateshead. The property is a compact conversion within a Victorian terrace, featuring a spacious lounge and a modern kitchen. The current long-term tenant produces a steady gross income of £7,800 per year, with advertised potential to increase to approximately £8,580 at market rents.
The building retains period stonework and high ceilings to some rooms, adding character and appeal to prospective renters. Accommodation is small overall (689 sq ft) but practical for urban tenancy; the flat includes one bathroom and a modest front yard. Broadband and mobile signal are strong, which supports demand from working tenants.
Material considerations are straightforward: the area is classified as very deprived with a high local crime rate, which may limit tenant profiles and resale appeal. The property is leasehold and a Buyers Premium will apply on purchase — these costs should be factored into investor calculations. Photos indicate traditional Victorian features but also suggest some renovation potential in areas.
For an investor prepared to buy with an in-situ tenant and manage area-specific risks, this is a low-price entry into a major conurbation market. It suits portfolio buyers or developers comfortable operating in constrained-renter locations and willing to carry and improve the asset where needed.
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