Overview
Three-bedroom freehold flat on Frobisher Street, Hebburn NE31. Fully tenanted, generating £625 pcm — 10.0% gross at the £75,000 asking price. Freehold title with no ground rent or service charge exposure. Available individually as part of the South Tyneside portfolio sell-off.
The Deal
3-bed flats are scarcer in NE31 than 2-beds, which translates into lower void risk and stronger tenant retention. Freehold status on a flat is genuinely unusual in this area — it adds long-term capital value alongside the running yield. Tenant in situ; title clean.
Key Numbers
Asking Price: £75,000 | Rent: £625 pcm | Gross Yield: 10.0% | Tenure: Freehold | Bedrooms: 3 | Status: Tenanted
Investment Pack
Pack includes the AST, EPC, title plan, condition report, and leveraged return modelling at current BTL rates. Sent same-day on request.