Income-producing buy-to-let with driveway and gardens, tenant in situ.
Freehold three-bedroom semi-detached house, approx 440 sq ft
A straightforward buy-to-let in NE5, this three-bedroom semi-detached home is offered with a long-term tenant in situ, producing £8,400pa. The property is freehold, has private driveway parking, and enclosed front and rear gardens — practical features that suit letting or light refurbishment.
At a guide price of £150,000 the current income equates to a gross yield of about 5.6%. The house is a compact asset (approximately 440 sq ft) with two reception rooms and one bathroom, presented as a mid‑century brick semi with sound-looking exterior and scope for interior modernisation to lift rent or resale value.
Important investor considerations: the property sits in a very deprived area with high local crime rates and a population profile of renting, hard‑pressed workers. The existing tenants have occupied the property for several years and do not intend to leave, so any purchaser should expect a continuing tenancy and verify tenancy terms and deposit protection before exchange.
This listing is best suited to landlords seeking an immediate income-producing addition, developers considering modest refurbishment or longer-term portfolio growth. Condition appears reasonable externally but internal condition, service history and exact room dimensions should be confirmed via inspection and the Let Property Pack.
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