Offers over
£68,000
(£82/sq. ft)
3 bed flat for saleMoorside Court, Newcastle Upon Tyne NE5
3 beds
1 bath
1 reception
829 sq. ft
EPC Rating: D
- Leasehold
Let Property
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About this property
Balcony
Buy-to-Let Opportunity
Tenants currently situated
Likely to attract enquiries from Serious Investors & Developers
Well kept flat
Three Piece bathroom
On-street parking
Investment potential detailed below (Let Property Pack)
Our latest listing is a 3-bedroom flat located in Newcastle Upon Tyne. It is conveniently close to essential amenities, offers strong potential for rental returns, and currently has a tenant in residence.
For investors looking to expand their portfolio, this is a fantastic opportunity!
This well-maintained flat features three bedrooms, a three-piece bathroom, a lounge, and a kitchen. Additional benefits include a private balcony and convenient on-street parking
Investment details
It currently produces an annual gross income of £9,000, which the new owner could increase to a market rate of £9,552 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.
Please see the Let Property Pack linked below for greater details on this property's investment potential.
If you are interested, please call us.
Tenancy Details
The current tenants have lived in the property for less than one year and have consistently paid their rent for their stay. They do not intend to move out so they hope to remain in the property.
Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties to the sale, a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.
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More information
Tenure
Leasehold (110 years)
Service charge
£1,800 per year
Council tax band
A
Ground rent
£120
Ground rent date of next review