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Jesmond, Newcastle Upon Tyne NE2 2 bed flat for sale
Jesmond, Newcastle Upon Tyne NE2
£160,000
Jesmond, Newcastle Upon Tyne NE2
£160,000
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)
Description
This 2-bedroom flat in Newcastle Upon Tyne is a fantastic investment opportunity, currently producing an annual gross income of £11,160 with the potential to increase to £13,524. The property is conveniently located just a 5-minute walk from West Jesmond Metro station and Osborne Road, offering easy access to a lively mix of bars, shops, and cafes. With secure, gated parking and lift access, this home is perfect for working professionals. The current tenants have been in residence for over a year and are looking to stay, making for a smooth transition for the new owner. With its strong potential for rental returns and excellent local transport links, this property is an ideal choice for investors seeking a worthwhile addition to their portfolio.