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3 Bedroom Terraced House For Sale

York Street, Jarrow

Key Features

  • buy to let opportunity
  • period property
  • sold with sitting tenant
  • fixed ast uti august 2023
  • current rent of £650pcm
  • council tax band - a
  • epc rating - d
  • freehold
  • eicr in place until 2025
  • council tax: a

Property Description

Attractive 3-Bedroom Period House with Sitting Tenant paying £650pcm, in Jarrow South Tyneside.

We are delighted to present this ready-made investment in the desirable Jarrow area of South Tyneside. This spacious three-bedroom period house comes with a sitting tenant, providing immediate rental income and a hassle-free investment experience. Whilst the property currently has a tenancy agreement until August 2023, it would also appeal to homeowners who are looking to move in after this time, (subject to the tenancy ending).

The property is a charming and period house that boasts features including a beautiful bay window in the living room, which adds a touch of elegance to the space. The separate dining room is perfect for hosting guests or family gatherings, creating a warm and inviting atmosphere.

The modern white kitchen is designed with complimentary worksurfaces and uprisers, offering a sleek and contemporary aesthetic. This functional and stylish space is ideal for everyday cooking and entertaining.

Upstairs, you will find two generously-sized double bedrooms - one to the front and the other to the rear of the property. Both rooms are spacious enough to accommodate a variety of furniture configurations and have built in storage. The third single bedroom, also overlooking the front of the property, would work equally well as a home office space.

The family bathroom is conveniently located on the half landing, featuring a bathtub, sink, and toilet. It is well-appointed and provides a comfortable space to unwind after a long day.

To the rear is a private yard that is accessed via the kitchen. 

KEY INFORMATION FOR INVESTORS This investment opportunity comes with a reliable and long-standing tenant who has occupied the property since 2019. They are currently on a fixed Assured Shorthold Tenancy (AST) until August 2023 and have expressed a keen interest in remaining at the property long-term. This ensures a consistent rental income and minimal vacancy periods for a prospective investor. The property features double glazing throughout, efficient heating via a gas combi boiler, and a valid Electrical Installation Condition Report (EICR) in place until 2025, further enhancing its appeal to buy-to-let investors.

LOCATION Jarrow is an increasingly attractive area for buy-to-let investors. With its well-connected transport links, including easy access to major roads, bus routes, and the nearby Metro system, commuting to nearby cities like Newcastle, Sunderland, and Gateshead is a breeze. Families are drawn to the area due to the range of reputable schools, catering to all age groups, ensuring a strong demand for rental properties. Major employers in the region, such as manufacturing, healthcare, and the public sector, contribute to a stable job market. 
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