Gladstone Street, Hebburn, NE31

An excellent opportunity to purchase a well-maintained two-bedroom ground floor flat in Hebburn, South Tyneside.

The flat centres around a cosy and nicely maintained living room, providing a comfortable space for relaxation. The fitted kitchen, located at the rear of the property, is practical and well-equipped, leading directly to the family bathroom.

This property boasts two well-sized bedrooms. The large front bedroom features a charming bay window and a feature fireplace, adding character and warmth to the space. The second bedroom, which overlooks the rear yard, is also of a good size and offers versatility for use as a guest room, office, or additional living space. Externally, the flat benefits from a shared rear yard.

The current owner has invested in several improvements, including updated electrical works with a completed Electrical Installation Condition Report (EICR), new flooring, and a new shower.

This property is currently tenanted on a 12-month lease running until May 2025, generating a healthy 8% gross yield with a rental income of £500 per calendar month. With a long-term tenant in place, this flat offers a solid return and is an ideal addition to any investment portfolio.

Hebburn is a popular residential area with excellent transport links, local amenities, and schools. The property's location ensures easy access to the wider South Tyneside region and beyond.