Summary - REKENDYKE MEWS 7 LAYGATE SOUTH SHIELDS NE33 4JN
2 bed 2 bath Flat
High-yield, tenanted top-floor flat with parking and long lease — ideal for investors.
Top-floor two-bedroom apartment with en-suite and separate bathroom
A top-floor two-bedroom apartment offered as a ready-made investment, currently tenanted at £575 pcm producing a strong gross yield of around 11% at the asking price of £59,000. The flat occupies approximately 645 sq ft in a modern development built 2003–2006 and benefits from double glazing, an en-suite to the master bedroom and a separate main bathroom.
Practical features include a small modern kitchen with room for full-sized appliances, private off-street parking and fast broadband and mobile signal — useful for tenants and remote working. The property’s long lease (999 years) removes short-lease risk; council tax band A keeps running costs low and the EPC is rated D.
Material considerations: the building sits in an area classed as very deprived with very high local crime rates, which may affect tenant demand and resale. Heating is electric via room heaters rather than a central gas system, likely increasing running costs for occupiers. The sale is of a leasehold flat with tenants in situ, so the purchaser will take on the existing tenancy.
This apartment suits investors seeking immediate rental income and a high yielding buy-to-let in a well-connected location with Metro access and local amenities. Viewings are recommended to assess the accommodation and location in person and to confirm tenancy details and service arrangements with legal advisers.
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