Chad House is an exciting investment-led scheme located just outside of Newcastle. Chad House is a newly renovated development with a mixture of 1 and 2-bed apartments. These have been finished to an extremely high specification to include integrated appliances.
Chad House is surrounded by green space and sits on the Banks of the River. The development is situated close to all local amenities including schools, Hospitals and the abundance of bars, shops & restaurants the city has to offer.
Opportunity - The units for sale have a 25-Year Guaranteed Rent offered through Yale Housing Association - which is UK Government-backed - that has been trading for 20 years and supports vulnerable people in UK’s society through assisted living.
The property is fully maintained by them so any wear and tear is included at no extra cost to the landlord and it includes the white goods, decoration, furniture, building and grounds. Yale pays up to 8.6% of the investment in rent, which is linked to the consumer price index and increases each year.
There is a three-year buyback option that is included at a guarantee of 30% above the price paid.
Units available in this development start from £152,000 with a guaranteed rental income of £13,072 (8.6% Yield), after 3 years the buyback price will be £197,600 - Total profit - £84,816 - 55.8% or 18.6% per annum.
- 89 Apartments across 8 floors - only 4 remain!
- 55 Spaces in underground parking - no EV charge points
- Refurbishment completed in 2019
- 1 Lift
- Code entrance Security access
- Electric only
- Smoke alarm and/or Carbon Monoxide Monitors fitted
- Windows double glazed and can be opened
- Tenure: Leasehold
- Lease: 125 years, Started 2018
All apartments in Chad House are spacious, delivering larger than average accommodation. The clever use of natural and electrical lighting ensures the apartments are light and airy, providing truly special homes.
Beautifully crafted interiors, expertly appointed to suit any lifestyle. All of the stunning apartments provide ready-to- move-in living space that will suit those looking for spacious and well-appointed living, with easy access to the Gateshead town centre and surrounding area of Newcastle upon Tyne.