2 bedroom flat for sale

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2 bedroom flat for sale

Leazes Court, Barrack Road, Newcastle Upon Tyne
£124,950

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 second-floor apartment, located on the edge of Newcastle city centre, presents a fantastic opportunity for both residential buyers and investors. The property boasts two spacious double bedrooms, a lounge area with an office/study space, a modern kitchen, and a stylish bathroom. The apartment is currently tenanted until February 2026, generating a rental income of £895 per month, and is ideal for mature students or professionals seeking a well-located and turnkey property. A full roof replacement is currently underway, adding long-term value to the property. The apartment is leasehold, with 91 years remaining on the lease, and comes with a service charge of £326 per annum and ground rent of £10 per annum. With an estimated gross yield of approximately 8.6%, this is a ready-made investment opportunity offering immediate rental income, professional tenants in situ, and minimal ongoing management requirements.