Summary - 1 Ferndene Grove NE40 3NX
1 bed 1 bath Apartment
Ready-income one-bed flat in Old Ryton Village — long-term tenant and strong yield..
Fully refurbished one-bedroom ground-floor apartment
Long-term tenant in situ — immediate rental income
Reported rental yield approx. 9.5%
Leasehold with 89 years remaining — assess extension costs
Cavity walls assumed uninsulated — potential energy upgrade needed
Communal and enclosed side garden; 571 sq ft overall
Located in village centre with good broadband and mobile signal
Higher local crime levels — consider tenant screening and insurance
This ground-floor, one-bedroom apartment in Old Ryton Village is presented fully refurbished and offered with a long-term tenant in situ — ideal for an investor seeking immediate income. The property has a new kitchen and shower room, gas central heating with a combi boiler, double glazing, and communal plus enclosed side garden space. At 571 sq ft it’s a compact but sensible layout for rental demand in this area.
The investment case is straightforward: a reported rental yield around 9.5% and all compliance certificates in place mean immediate cashflow on completion. The location in the village centre gives easy access to local amenities, schools and transport links, supporting tenant demand. Broadband and mobile signal are strong, and council tax is noted as very cheap, which helps tenant affordability.
Material considerations are explicit. The flat is leasehold with 89 years remaining — buyers should confirm financing implications and future lease extension costs. The building’s cavity walls are recorded with no added insulation (assumed), which could affect longer-term energy performance. The wider area records higher crime levels; factor this into lettings strategy and insurance.
Overall this is a low-management refurbished buy-to-let: immediate rental income, modern fixtures and communal outdoor space. It will suit investors seeking a hands-off, yield-driven purchase but who understand the leasehold term and local area challenges.
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