Earn instant income on this already tenanted investment opportunity! Not suitable for owner occupiers!
Yieldit are pleased to present this excellent 2 bedroom apartment on Jesmond Road, Newcastle Upon Tyne.
Located on the 1st floor, this spacious property comprises of: An entrance hallway; bathroom with walk-in shower, straight ahead, there is large living / dining area which also looks out towards the entrance of the development and there is also an open plan kitchen that is fully equipped with white goods. There are also two double bedrooms with the master also benefitting from an en-suite.
This fantastic investment opportunity is also sold with one parking space and with all furniture included.
Jesmond Road is in a great location, just a short walk from the University campus and the bustling city centre, with its multitude of shops and restaurants. As it's right next to the Robinson Library and less than a mile to the train station.
Newcastle’s property investment market has had a steady growth than say Manchester, making it a more affordable city with more room for potential growth to invest in. Investing in Newcastle today is comparable to investing in Manchester or Liverpool 10 years ago and is now a key component of the Northern Powerhouse, seeing record economic figures across the entire northern United Kingdom. With jaw-dropping architecture, a rich cultural background and a welcoming atmosphere there’s plenty of reasons to choose Newcastle as your investment base.
Gross rent: £10,800
Ground rent: £150
Service charge: £1,200
Lettings fees: £0
Net income: £9,450
Gross yield: 5.84%
Net yield: 5.11%
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-16660