Summary - 14 CANTERBURY WAY JARROW NE32 4TD
1 bed 1 bath Flat
**Standout Features:**
- **Rental Income**: Currently leased to a tenant at £475/month, generating an attractive return of 11%.
- **Garage Included**: A garage in a nearby block for convenient parking.
- **Modern Amenities**: Updated kitchen with integrated appliances and a contemporary shower room.
- **Communal Gardens**: Access to green outdoors for relaxation.
- **Long Lease**: 105 years remaining on the lease, although a renewal is needed soon.
**Overview:**
This one-bedroom second-floor flat in the reputable Fellgate Estate is an excellent opportunity for landlords seeking immediate cash flow. With a consistently reliable tenant in place, you will enjoy a strong rental yield of 11%. The flat features a light-filled lounge/diner, a compact modern kitchen with integrated appliances, and a well-appointed shower room—offering comfort without excess space to maintain.
The property comes with a garage and is situated within a low-crime, affluent neighborhood, making it ideal for young professionals or couples. The communal gardens add a lovely touch, providing a shared space to unwind. With local schools rated as 'Good' and 'Outstanding,' your investment is further enhanced by the area’s appeal to families.
**Considerations:**
The flat is offered on a leasehold basis with 105 years left, but the lease will need renewing soon. Additionally, the monthly service charge is £110, which is set for yearly review. While certain updates are required for long-term maintenance, this property holds robust potential for smart investors looking to secure a profitable asset in a desirable location. Don’t miss your chance to invest in this attractive yield opportunity—explore the included virtual tour today!
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