SSTC | 3 Bed House | Fern Dene Road, Gateshead

Charming 3-Bedroom Semi-Detached Home near Saltwell Park, Gateshead
OIEO £140,000
Location: Fern Dene Road, Gateshead, Tyne & Wear, NE8 4RY
Floor Area: 1,001 sq ft / 93 m²
Tenure: Freehold

Overview
Situated in a desirable location close to the expansive Saltwell Park, this spacious 3-bedroom semi-detached house offers excellent investment potential with current tenants in situ since 2018. Currently rented at £650 per month, this property has potential for rental growth to between £700 and £725 per month if re-let. With a rear garage, generous floor area, and convenient proximity to amenities and transport links, this property is ideal for investors looking for reliable returns and long-term growth.

For Investors
With the Gateshead rental market continuing to see steady demand, this property presents a solid investment opportunity with reliable, long-term tenants in place. Rental growth in the area, paired with the property’s desirable location near Saltwell Park, could support a rental increase to around £725 per month, potentially boosting yield. The freehold tenure and its prime location in a vibrant rental market enhance its long-term appeal for investors.

Local Amenities
Education: There are several well-rated primary and secondary schools nearby.
Healthcare: The local area is well-served with healthcare facilities, including the Bensham Hospital for primary care services and several GP practices within a 10-minute drive. The QE and RVI hospitals are also close by.
Leisure and Recreation: The famous Saltwell Park, one of the largest Victorian parks in the region, is just a short stroll away, offering stunning green spaces, a boating lake, and seasonal events for all ages.
Shopping and Dining: Gateshead town centre and Newcastle city centre, a quick drive or bus ride away, offer a range of retail shops, dining options, and entertainment venues, from the intu Metrocentre to the restaurants of the Quayside.

Transport Links
Road Access: The property is conveniently located for easy access to the A167 and A1(M), providing straightforward connections to Newcastle (10-minute drive), Sunderland, and further afield.
Public Transport: Local bus routes operate frequently along nearby Durham Road, offering a direct link to Gateshead and Newcastle city centres.
Rail: Gateshead Interchange is a short drive away, linking residents to the Tyne and Wear Metro network and mainline services, while Newcastle Central Station provides access to nationwide rail services.
Air Travel: Newcastle International Airport is approximately a 20-minute drive, providing both domestic and international flight options.

Property Details
Council Tax Band: B (Approx. £1,906 annually)
Energy Performance Certificate (EPC): Current D (67), potential B (81).
Built: 1950-1966
Broadband Availability: Ultrafast (up to 1000 Mbps), with BT, Sky, and Virgin satellite & cable options available

This property offers a rare opportunity to own a semi-detached home with established tenants, rental growth potential, and strong transport links, all set within the thriving Gateshead rental market.