Jesmond, Newcastle Upon Tyne NE2 2 bed flat for sale

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Jesmond, Newcastle Upon Tyne NE2 2 bed flat for sale

Connaught Mews, Newcastle Upon Tyne, NE2
£175,000

Our Summary

  • It is conveniently close to essential amenities, offers strong potential for rental returns, and currently has a tenant in residence
  • Please see the Let Property Pack linked below for greater details on this property's investment potential
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment potential detailed below (Let Property Pack)

Description

This 2-bedroom flat in Newcastle Upon Tyne is a fantastic investment opportunity, offering strong potential for rental returns and currently has a tenant in residence. The property is conveniently located just a 5-minute walk from West Jesmond Metro station and off Osborne Road, with easy access to a lively mix of bars, restaurants, and shops. The flat features two bedrooms, a three-piece bathroom, a lounge, and a kitchen, and benefits from secure, gated parking and lift access. With a current annual gross income of £11,160, the new owner could increase this to a market rate of £13,524, making it a worthwhile addition to an investor's portfolio. The current tenants have lived in the property for over a year and have consistently paid their rent, and the seller is committed to facilitating a smooth transaction process.