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2 bedroom flat for sale
Leazes Court, Barrack Road, Newcastle Upon Tyne NE4
£119,950
Leazes Court, Barrack Road, Newcastle Upon Tyne NE4
£119,950
Our Summary
- 6% (based on asking price of £124,950)This is a ready-made investment opportunity offering immediate rental income, professional tenants in situ, and minimal ongoing management requirements
Description
This well-presented second-floor apartment is located on the edge of Newcastle city centre, offering excellent access to transport links, amenities, and key institutions. The property features two double bedrooms, a spacious lounge with office space, a modern kitchen, and a stylish bathroom. The apartment is currently tenanted until February 2026, providing a ready-made investment opportunity with immediate rental income and minimal ongoing management requirements. With a estimated gross yield of approximately 8.6%, this property is ideal for investors seeking strong yields and long-term rental demand. Additionally, the apartment is undergoing a full roof replacement, adding long-term value to the property. With a leasehold tenure and 91 years remaining on the lease, this property is a fantastic opportunity for both residential buyers and investors alike.