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Lemington, Newcastle upon Tyne NE15 6 bed maisonette for sale
Northumberland Road, Lemington, Newcastle Upon Tyne NE15
£170,000
Northumberland Road, Lemington, Newcastle Upon Tyne NE15
£170,000
Our Summary
- Residential accommodation requires full and comprehensive renovation and updating, residential accommodation previously achieved £28,8000 per annum
- Property is being sold under market value to reflect extensive refurbishments to residential element required
Description
This property is in need of a full and comprehensive renovation and update, but has previously generated £28,800 per annum from residential tenants. The commercial premises currently bring in £7,200 per annum, while the garage to the rear is rented separately and could potentially earn an additional £3,500 per annum. Despite its potential, the property is being sold at a discount to reflect the significant refurbishment work required to bring the residential element up to modern standards, and is currently listed in Council Tax Band A with Newcastle City Council.