64 Ferndene Road, Gateshead, NE8 4RX For Sale

  • $51,500
  • 2 beds
  • 1 baths
  • 687 sqft

This property is a good area just a short distance from Gateshead Centre and near Saltwell Park.

Gateshead is a very good rental area and this property has a rental value of £400 pcm

The rental market in this area is ideal for working tenants.

This is a very good property and there could be good capital growth in the coming years.

This a Long Leasehold with 999 years from 1991 with a share of the Freehold.

No Service charge of Ground Rent Payments!


  • Discount 20.77%
  • Instant Equity £13,500
  • Yield 9.32 %

  • Market Value: £65,000
  • Purchase Price: £51,500
  • Deposit: £12,875
  • Solicitor Fee: £800
  • Survey Fees: £400
  • Sourcing Fees: £3,000
  • Total Out of Pocket: £17,075

  • Monthly Rent: £400
  • Monthly Interest: £129
  • Monthly Insurance: £12
  • Letting Agent Fees: £40
  • Monthly Cash Flow: £219
  • Net Yield: 5.10%
  • Return on Investment (ROI) 15.39%

  • Deposit:  25%      
  • Interest Rate 4%
  • Let Agent Management Fee 10%
Price:
$51,500
Address:
64 Ferndene Road
Gateshead NE8 4RX
Square Feet:
687
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1930

Additional Features

Living Room: 1 Front Garden: No Back Garden: No Garage: Yes Condition: Good Condition

Call 0191 369 2069 for more details

Property Location