Jesmond, Newcastle Upon Tyne NE2 2 bed flat for sale

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Jesmond, Newcastle Upon Tyne NE2 2 bed flat for sale

Connaught Mews, Newcastle Upon Tyne, NE2
£155,000

Our Summary

  • It is conveniently close to essential amenities, offers strong potential for rental returns, and currently has a tenant in residence
  • Please see the Let Property Pack linked below for greater details on this property's investment potential
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment potential detailed below (Let Property Pack)

Description

This 2-bedroom flat in Newcastle Upon Tyne offers a fantastic opportunity for investors to expand their portfolio. The property is conveniently located just a 5-minute walk from West Jesmond Metro station and Osborne Road, a vibrant hub with bars, restaurants, and shops. The flat features two bedrooms, a three-piece bathroom, a lounge, and a kitchen, and benefits from secure, gated parking and lift access. Currently, the property has a tenant in residence who has been paying rent consistently for over a year and has no plans to move out. The property produces an annual gross income of £11,160, which could be increased to £13,524 with a market rate rental, making it a worthwhile addition to an investor's portfolio. With excellent local transport links and a prime location, this home is perfect for working professionals seeking comfort, convenience, and a vibrant lifestyle.