2 bed Flat For Sale £140,000
Pudding Chare, Newcastle Upon Tyne NE1

This is an investment opportunity to purchase an apartment in Newcastle generating £17,004 rent pa & gross yield of 12.1%.

Leasehold information

• Length of lease: 125 years
• Year lease started: 2001

Property information

• Located on the third floor
• Lounge is currently used as a third bedroom
• Main bedroom comes with ensuite shower room
• All other tenants share the main bathroom
• Balcony, accessible from the main bedroom and the lounge
• The flat was redecorated (painting of walls & new flooring) within the last 5 years
• EPC rating B

Rental income

• The rent is inclusive of all bills
• Room 1 - £390 pcm - periodic tenancy
• Room 2 - £500 pcm - let 17/10/20 - 16/04/21
• Room 3 - £527 pcm - vacant, new tenant is currently undergoing referencing
• Total rental income pcm: £1,417
• Total rental income pa: £17,004

Location information

• The apartment is ideally located in the centre of Newcastle with many amenities on the doorstep
• Newcastle railway station is around a 5-minute walk away

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.