Summary -
43, Ashfield Mews,WALLSEND,NE28 7RG
NE28 7RG
2 bed 1 bath Flat
Ready-made rental with gardens and parking, ideal for yield-focused buyers.
- Two bedrooms with open-plan living layout
- Private driveway parking and front and rear gardens
- Current tenant in situ producing £9,000pa gross rental income
- Strong gross yield around 10.3% at asking price
- Leasehold with 99 years remaining
- Area records higher-than-average crime levels
- Broadband speeds are slow despite excellent mobile signal
- Buyers Premium applies to secure sale
A compact two-bedroom leasehold flat in Ashfield Mews marketed primarily as an investment purchase. The property comes with private driveway parking and both front and rear gardens, plus a tenant in situ producing a current gross rental income of £9,000 per year. At an asking price of £87,000 this represents a strong gross yield of about 10.3% before costs.
The apartment is open-plan with a lounge, kitchen, two bedrooms and a three-piece bathroom, presented in generally good, contemporary condition. The 99-year lease and low flood risk are practical advantages for a buy-to-let. Excellent mobile signal supports tenant connectivity, though broadband speeds in the area are reported slow.
Material considerations: the property sits in an area with higher crime statistics and is small in overall size. It is leasehold with 99 years remaining and a Buyers Premium will apply to secure purchase. The current tenants have occupied the flat for several years and intend to remain, which stabilises income but limits immediate vacant possession or refurbishment access.
This opportunity will suit investors seeking immediate rental return and portfolio yield, or developers looking for a compact asset with garden and parking that could be repositioned over time. Buyers should review the Let Property Pack and tenancy paperwork closely to confirm terms, deposits and any management obligations before purchase.
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