2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (85 years remaining)
- Investment Opportunity
- Tenanted Until August 2025
- Ground Floor Apartment
- Two Bedrooms
- Spacious lounge
- Large Rear Garden
- Close To Both Universities
- Allocated Parking Space
- Council Tax Band B
- EPC Rating D
Everbest Properties are delighted to present this ground-floor apartment, perfectly situated in a prime Newcastle City Centre location. The property is within walking distance of an array of amenities, including Newcastle and Northumbria Universities, the Royal Victoria Infirmary Hospital and Medical School, Eldon Square shopping centre, and excellent transport links such as the national rail line, Metro, and bus routes.
The apartment features an entrance hall leading to two bedrooms, a lounge with a dining area, a separate kitchen equipped with a new integrated cooker, and a bathroom fitted with shower over the bath. Additional highlights include a spacious private rear garden—a rare find for a City Centre apartment—an entry phone system, a coded entrance, and an allocated parking space.
The property is tenanted until August 2025, with a rental income of £1,000pcm and the potential to achieve an extra £100pcm from the parking space, generating a 8.5% gross return.
Leasehold - 86 years left on the lease (the seller is currently looking into how much it would be to extend this)
Places of interest
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Property reference S_8231180. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Everbest Properties - Newcastle Upon Tyne.
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Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 2, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on August 20, 2015 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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