223, Rawling Road, Gateshead

A well-presented and fully operational HMO investment opportunity, currently generating a total rental income of £2,025 per calendar month (£24,300 per annum) from four let rooms achieving £500, £500, £500, and £525.

Based on the asking price, this provides an attractive gross yield of approximately 13.9%, making it an excellent opportunity for investors seeking strong returns.

The property benefits from double glazing and gas central heating throughout. Arranged over two floors, this spacious maisonette comprises four letting rooms, two bathrooms (one on each floor), a communal lounge/diner, and a long, well-proportioned kitchen.

Ideally situated in Bensham, the property provides excellent access to the A1, offering convenient transport links to both Newcastle and Durham.

A turnkey investment, well-suited to landlords looking for immediate income.

Material Information

PART A

Local Authority – Gateshead Council

Council Tax Band – A

Tenure –Leasehold

Lease Expiry- 979 years

PART B

Property Type –Maisonette

Property Construction – Standard

Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls

Electricity supply – Mains

Water Supply – Mains- Unmetered

Sewerage – Mains

Heating - Gas

Fixtures, Fittings & Equipment- Estimated Mobile phone coverage – Please refer to the Ofcom Website - https://checker.ofcom.org.uk/en-gb/mobile-coverage

Estimated Broadband Download speeds – please refer to the Ofcom Website – https://checker.ofcom.org.uk/en-gb/broadband-coverage

PART C

Building Safety – (The Vendor is not aware of any Building Safety issues. However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm)

Restrictions – Covenants which affect the property are contained within the Land Registry Title Register which is available for inspection.

Selective licencing area – The Property is not in a selective licencing area.

Article 4 Planning Restricted area - The Property is not in an Article 4 Planning Restricted area.

Rights & Easements- There property has no rights and easements.

Flood risk – Very Low

Surface water: Very Low

Coastal Erosion – n/a

Planning Permission – no planning applications in the locality

Accessibility/Adaptations – None

Mining Area – Coal Mining Reporting Area, further searches may be required.

No other Material Information disclosures have been made by the vendor. This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing. However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.

Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed. If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.

HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, this includes buyers when their offer is accepted. This must be completed, per purchaser, who in the transaction will result in being the legal owner(s) of the property. There is a £35 (inc VAT) administration fee per individual purchaser, for these checks