Jesmond, Newcastle Upon Tyne NE2 2 bed flat for sale

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Jesmond, Newcastle Upon Tyne NE2 2 bed flat for sale

Jesmond, Newcastle Upon Tyne NE2
£170,000

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 potential to increase to £13,524 with new tenants. 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, the property features two bedrooms, a three-piece bathroom, a lounge, and a kitchen. The current tenants have been in residence for over a year and have consistently paid their rent, making it an ideal choice for investors looking to expand their portfolio. With excellent local transport links and a prime location, this home offers comfort, convenience, and a vibrant lifestyle.