1 bedroom apartment for sale

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1 bedroom apartment for sale

Beaminster Way, Kingston Park, Newcastle Upon Tyne NE3
£60,000

Our Summary

  • **Studio Apartment**Investment Opportunity**10
  • Investment Opportunity

Description

This studio apartment is a great investment opportunity, offering a 10.6% gross yield. Located on the first floor, it's close to major road links, Newcastle International Airport, and local amenities in Kingston Park. The property is currently let until April 2025, generating a monthly rent of £575. The apartment features a communal entrance hall and landing, a spacious 17ft main reception room with a retractable bed, a modern kitchen, an inner lobby with built-in wardrobes, and a bathroom. It also benefits from double glazing and electric heating. With a council tax band of A, this property presents a solid investment opportunity for those looking to generate a steady income.