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1 bed flat
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Our Summary
- As a tenanted investment property, this apartment is currently gathering a monthly rent of £550 PCM, offering potential investors an instant return on their investment along with a strong yield
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Description
A ground-floor, one-bedroom apartment in Newcastle upon Tyne offers tenanted investment potential. The property has a single bedroom, sizeable reception room, fitted bathroom, and kitchen. It is located in a vibrant area with local amenities and transport links, and is classified as Council Tax Band A.
The property has an EPC rating of D, and while it may benefit from upgrades, it provides an excellent canvas for personalisation. The apartment is currently generating a monthly rent of £550, offering a strong yield for investors. Its desirable location in a popular area makes it an appealing proposition for both first-time landlords and seasoned investors.
The flat is leasehold with a remaining lease term of 118 years.