Offers over
£65,000
(£102/sq. ft)
2 bed flat for saleGrace Street, Newcastle Upon Tyne NE6
2 beds
1 bath
1 reception
635 sq. ft
EPC Rating: C
- Leasehold
Let Property
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About this property
Current Yield = 7.94%
Potential Yield = 13.86%
On-Street Parking
Private Front and Rear Gardens
Buy-to-Let Opportunity
Tenants currently situated
Likely to attract enquiries from Serious Investors & Developers
Investment potential detailed below (Let Property Pack)
Our latest listing is a 2-bedroom flat located in Newcastle Upon Tyne. It is conveniently close to essential amenities, offers strong potential for rental returns, and has a tenant in residence.
For investors looking to expand their portfolio, this is a fantastic opportunity!
This property offers two bedrooms, a three-piece bathroom, a lounge, and a kitchen. Additional features include convenient on-street parking and private front and rear gardens.
Investment details
It currently produces an annual gross income of £5,160, with tenants currently situated. Considering the purchase price and the potential rental income that could be earned in future years, 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 been residing in the property for several years and have consistently paid their rent on time. They do not plan to move out and wish to continue their tenancy.
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 (974 years)
Service charge
Council tax band
A
Ground rent
Ground rent date of next review