2 Bed Flat, Single Let, Newcastle upon Tyne, NE1 4DA £155,000

• Investment Opportunity +
• Tenanted Until August 2025 +
• Ground Floor Apartment +
• Two Bedrooms +
• Spacious lounge +
• Large Rear Garden +
• Close To Both Universities +
• Allocated Parking Space +
• Council Tax Band B +
• EPC Rating D +

Everbest Properties are delighted to present this ground-floor apartment, perfectly situated in a prime Newcastle City Centre location. The property is within walking distance of an array of amenities, including Newcastle and Northumbria Universities, the Royal Victoria Infirmary Hospital and Medical School, Eldon Square shopping centre, and excellent transport links such as the national rail line, Metro, and bus routes. The apartment features an entrance hall leading to two bedrooms, a lounge with a dining area, a separate kitchen equipped with a new integrated cooker, and a bathroom fitted with shower over the bath. Additional highlights include a spacious private rear garden—a rare find for a City Centre apartment—an entry phone system, a coded entrance, and an allocated parking space. The property is tenanted until August 2025, with a rental income of £1,000pcm and the potential to achieve an extra £100pcm from the parking space, generating a 8.5% gross return. 

Leasehold - 86 years left on the lease (the seller is currently looking into how much it would be to extend this)