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Shortridge Terrace, Jesmond... 2 bed flat for sale
Shortridge Terrace, Jesmond, Newcastle upon Tyne
£145,000
Shortridge Terrace, Jesmond, Newcastle upon Tyne
£145,000
Our Summary
- INVESTMENT OPPORTUNITY - CURRENTLY LET - ANNUAL INCOME £12,000 - GROSS YIELD 8
- Currently let for student academic year and pre let for the 2025/26, this property provides an investment opportunity not to be missed
- Ground Floor 'Tyneside' Flat | Investment Opportunity | Annual Income £12,000 | Gross Yield 8
Description
This two-bedroom ground floor flat on Shortridge Terrace, Jesmond, offers an investment opportunity with a current annual income of £12,000 and a gross yield of 8.2%. The property is perfectly situated for the buy-to-let market, within walking distance to Osborne Road and Jesmond Metro Service, making it attractive to both student and professional tenants. The location is ideal for those seeking access to Newcastle city centre, Jesmond's vibrant bars, cafes, and restaurants. The flat itself provides 615 square feet of living space, including two bedrooms, lounge, kitchen, and bathroom, and benefits from gas central heating and freehold ownership (with an upper flat lease in place). With a pre-let for the 2025/26 academic year, this property presents a rare investment opportunity that should not be missed.