Hive Estates Limited

Tel: 01912 618500

1 Starbeck Avenue
Sandyford
Newcastle upon Tyne
NE2 1RH

York Street, Pelaw, Gateshead

Offers Over £85,000

2 Bedroom Flat

Recently renovated two bedroom ground floor flat in Pelaw
Spacious living room with feature chimney breast
Large windows providing excellent natural light
Modern kitchen with high gloss grey cabinets
Integrated oven, hob, and extractor included
Two bright double bedrooms with neutral decor
Stylish fully tiled bathroom with shower over bath
Private rear yard ideal for outdoor space
Close to Metro stations, bus links, and local schools
Generates £7,800 annual rental income with 9.18% yield

Hive Estates are delighted to present this recently renovated two-bedroom ground floor flat, ideally located on York Street in Pelaw.

The property presents an excellent investment opportunity, currently generating an annual rental income of £7,800 and offering an attractive rental yield of 9.18%.

The property features a spacious and inviting living room, complete with soft grey carpets, a striking feature chimney breast, and large windows that flood the space with natural light. The modern kitchen is finished to a high standard, offering light grey high-gloss cabinets, a white metro-tiled splashback, and stylish grey tiled flooring. It comes fully equipped with an integrated oven, hob, and extractor.

To the front of the property is a generously sized double bedroom, mirroring the living room in its bright and airy feel. A second double bedroom is located at the rear, featuring neutral décor and grey carpets, making it a versatile space suitable for a home office or dressing room. The bathroom is fully tiled in white and includes a shower over the bath, basin, WC, and a chrome towel radiator.

Externally, the property benefits from a private rear yard, perfect for enjoying fresh air or entertaining guests. Situated in a convenient location, the flat is within easy reach of local Metro stations, bus links, and well-regarded schools including Wardley Primary School and Heworth Grange School.

Lounge

4.22 x 4.10 (13'10" x 13'5")

Kitchen

3.02 x 2.05 (9'10" x 6'8")

Bedroom 1

4.36 x 4.31 (14'3" x 14'1")

Bedroom 2

3.06 x 2.29 (10'0" x 7'6")

Bathroom

1.70 x 1.94 (5'6" x 6'4")

Energy Efficiency and Environmental Impact

Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

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