Summary - Lishman Terrace, Gateshead, NE40 NE40 3UB
2 bed 1 bath Terraced
Stone-built two-bedroom mid-terrace, tenanted and ripe for refurbishment and rental uplift..
- Two-bedroom Victorian mid-terrace, approx. 585 sq ft
- Sold as tenanted — immediate rental income
- EPC E (to be confirmed); energy upgrades likely needed
- Stone construction; assumed no wall insulation
- Dated interior and decor; requires modernization
- Freehold stated — confirm with legal representative
- Small rear garden; popular, comfortable neighbourhood
- Very low council tax (Band A); no flood risk
A stone‑built Victorian mid‑terrace in a popular Gateshead neighbourhood, offered as a tenanted freehold — suited to investors seeking a compact rental asset. The property spans approximately 585 sq ft with two bedrooms, a small rear garden and traditional features that appeal to renters and buy‑to‑let portfolios.
The house is currently let, providing immediate income, but it shows signs of age and will benefit from modernization. The living room and general decor are dated; walls are original sandstone/limestone with assumed lack of insulation. Heating is by mains gas boiler and radiators; glazing is double glazed though install date is unknown.
Practical positives include very low council tax (Band A), no flood risk, fast broadband and excellent mobile signal. EPC is listed as E (to be confirmed) — buyers should factor potential upgrade costs into yield calculations. Freehold tenure is stated but should be legally confirmed.
This is a clear investment play: buy with the expectation of stabilised rental income now, and scope to increase value through refurbishment, insulation and energy‑efficiency improvements. Viewing recommended to assess condition and refurbishment potential in person.
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