Rawling Road, Gateshead, Tyne and Wear

About this property

Hive Estates are delighted to present this fantastic investment opportunity comprising two self contained flats on Rawling Road, Gateshead, generating a combined rental income of £20,400 per annum and a gross rental yield of 10.20%.

The property comprises a spacious two bedroom ground floor apartment and a three bedroom upper apartment, providing a combined five bedrooms across the two flats.

The ground floor apartment features a welcoming hallway leading to the main bedroom and spacious sitting/dining room. Modern laminate flooring runs through the living space, while the stylish navy kitchen with ironmongery adds a contemporary finish. A modern bathroom includes a tiled shower cubicle, WC and wash hand basin. Both bedrooms are generously sized, with the main bedroom benefiting from a charming bay window.

The three bedroom upper apartment is accessed via a private entrance and offers a spacious landing with access to all three bedrooms and the sitting/dining room. The bright lounge is well presented with neutral décor, while the matching navy kitchen provides a modern finish. The part-tiled bathroom includes a shower over bath, WC, wash hand basin and heated towel rail. All three bedrooms are generously proportioned and finished in a similar neutral style with carpeting.

Externally, both flats benefit from free on-street parking and private rear yard space, with the yards divided for exclusive use. With five bedrooms, two self contained flats, £20,400 annual rental income and a 10.20% gross rental yield, this represents an excellent opportunity for investors seeking a strong addition to their property portfolio.

Sitting/Dining Room

Metric: 4.80 x 3.78
Imperial: 15'8" x 12'4"
Mixed: 4.80 x 3.78 (15'8" x 12'4")

Kitchen

Metric: 3.49 x 2.31
Imperial: 11'5" x 7'6"
Mixed: 3.49 x 2.31 (11'5" x 7'6")

Bedroom 1

Metric: 5.05 x 4.05
Imperial: 16'6" x 13'3"
Mixed: 5.05 x 4.05 (16'6" x 13'3")

Bedroom 2

Metric: 4.80 x 2.38
Imperial: 15'8" x 7'9"
Mixed: 4.80 x 2.38 (15'8" x 7'9")

Bathroom

Metric: 2.04 x 1.45
Imperial: 6'8" x 4'9"
Mixed: 2.04 x 1.45 (6'8" x 4'9")

Lounge/Diner

Metric: 4.86 x 3.88
Imperial: 15'11" x 12'8"
Mixed: 4.86 x 3.88 (15'11" x 12'8")

Kitchen

Metric: 3.50 x 2.31
Imperial: 11'5" x 7'6"
Mixed: 3.50 x 2.31 (11'5" x 7'6")

Bedroom 1

Metric: 4.30 x 3.87
Imperial: 14'1" x 12'8"
Mixed: 4.30 x 3.87 (14'1" x 12'8")

Bedroom 2

Metric: 4.86 x 2.39
Imperial: 15'11" x 7'10"
Mixed: 4.86 x 2.39 (15'11" x 7'10")

Bedroom 3

Metric: 2.97 x 2.40
Imperial: 9'8" x 7'10"
Mixed: 2.97 x 2.40 (9'8" x 7'10")

Bathroom

Metric: 3.05 x 1.53
Imperial: 10'0" x 5'0"
Mixed: 3.05 x 1.53 (10'0" x 5'0")

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