Ryton, NE40 4PL | Investment Property for Sale | VES-NE40-001

Opportunity to purchase a property in Ryton generating £5,100 rent pa & gross yield of 6%

£85,000

Semi-detached House

VES-NE40-001

INITIAL INVESTMENT

£26,300

Based on

deposit: £21,250

stamp duty: £2,550

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£5,100

GROSS YIELD

6.0%

ADD TO FAVOURITES

Sold STC

At Vesta we avoid gazumping by not allowing new offers once a deal has been agreed so that everyone benefits from faster completion in chain-free transactions.

Looking for property like this one? Either search for similar properties or contact us with your investment criteria.

The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

1 bathroom

1 reception room

654

Unfurnished

Property information

  • Spread over 2 floors
  • The bathroom was fully refitted in March 2021
  • The property benefits from double-glazing and central heating
  • Comes with a rear garden which can be accessed via the kitchen
  • Front garden has space for off-street parking and a gate
  • Tenants have been in-situ since 2017 on an annual rolling tenancy agreement
  • EPC rating D

Location information

  • The property is located in the Crawcrook area of Ryton
  • Local amenities such as convenience stores, butcher and cafe are around 5-minutes walk away
  • There is also a bus stop with regular services to neighbouring villages 2 minutes from the property

Tenancy

RENT

£5,100 p.a. / £425 pcm

TENANCY DEPOSIT

£425

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

over 3 years ago

TENANCY AGREEMENT ENDS

12/17/2021

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Ryton, Tyne and Wear

Ryton is a town in the Metropolitan Borough of Gateshead, Tyne and Wear, and lies around 6 miles west of Newcastle upon Tyne.

There are good road links into Newcastle and Gateshead making this an ideal commuter town. Ryton lies halfway between two railway stations, Wylam and Blaydon. Both are on the Tyne Valley Line connecting Newcastle with Carlisle. Ryton also benefits from regular bus services connecting it to surrounding villages and towns.

Ryton has a number of local amenities including two supermarkets as well as a selection of independent businesses and shops. The Metrocentre in nearby Dunston, Gateshead, offers further shopping opportunities as well as cinemas, restaurants and pubs. There is also an Ikea nearby.

The outdoors can be enjoyed at Ferndene Park as well as at Tyne Riverside Country Park and with walks along the River Tyne. There are also two golf clubs nearby, Tyneside Golf Club and Ryton Golf Club. Ryton Willows Local Nature Reserve is a site of special scientific interest and consists of 43 hectars of grassland, ponds, woodland and locally rare species of flora and fauna.

Chesters Gardens,

Crawcrook,

Ryton,

Tyne and Wear,

England,

NE40 4PL

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2021 Vesta Global Limited. All rights reserved.