Flat for sale in Claremont Road, Newcastle Upon Tyne NE2

Exceptional investment opportunity - two purpose-built flats

Welcome to this outstanding investment opportunity featuring two purpose-built flats, each offering a unique blend of comfort and convenience. Situated on the first floor, the four-bedroom flat and the three-bedroom flat are ideally located within walking distance of The rvi, prestigious Universities, and the bustling Newcastle City Centre. Currently advertised for rent until Summer 2025, these flats promise a substantial return on investment.

The Four-Bedroom Flat:
Encompassing a generous 880 square feet, this first-floor flat boasts a Private Entrance and Hallway, a spacious Living Room/Dining Room, leading to a fully fitted kitchen. The flat houses four double Bedrooms, all within HMO requirements, complemented by a modern Shower Room for added convenience. Equipped with double glazing for energy efficiency and gas central heating, this flat also features a rear yard with a parking space included. The expected annual rent for this flat is £20,800, delivering a robust gross yield of approximately 10.4%. Currently tenanted until July 2024, this flat offers a solid investment opportunity.

The Three-Bedroom Flat:
Occupying the same first floor, this purpose-built flat spans 780 square feet and features a Private Entrance and Hallway, a spacious Living Room/Dining Room leading to a fully fitted kitchen. The flat houses three double Bedrooms, all meeting HMO requirements, and is complemented by a three-piece bathroom for added convenience. Energy-efficient double glazing and gas central heating enhance the property's appeal. Additionally, a rear yard with a parking space adds outdoor allure to this investment. The expected annual rent for this flat is £15,600, delivering a robust gross yield of approximately 9.4%. Currently tenanted until Summer 2025, this flat ensures a steady income stream.