4 bed Flat For Sale £200,000
Melbourne Street, Newcastle Upon Tyne NE1

This is an investment opportunity to purchase a tenanted 4-bedroom apartment in Newcastle, generating £17,676 and gross yield of 8.8%.

Leasehold information

• Length of lease: 125 years
• Year lease started: 2004

Property information

• Located on the 6th floor
• Fully let 4-bed apartment
• Comes with a spacious living room and separate kitchen
• Off-road parking available
• EPC rating C
• Lift access
• Popular with students and young professionals
• The building comes with a communal garden and is serviced and maintained by a management company

Tenancy information

• Let since June 2019 until June 2021
• Monthly rental income: £1,473
• Annual rental income: £17,676

Location information

The property is ideal for families or students occupancy, offering a variety of educational institutions such as the Sacred Heart rc High School, Gosforth Academy and two universities, of which Newcastle University is within 100 meters walking distance and Northumbria University is just on the doorstep.