Town house for sale in Sungold Villas, Beech St, Newcastle NE4

Sungold Villas, Beech St, Newcastle, Ne4 8Ef

Attention investors - incredible high yielding investment! Beautifully presented three storey four bedroom townhouse ran as short term accommodation producing an excellent return.

Yieldit are pleased to present a ready-made investment opportunity yielding an incredible return in the region of 14% net. This beautifully presented property is currently ran as short term accommodation with full management in place and so will make a fantastic addition to an investors growing portfolio.

Sungold Villas is situated in a popular residential location just 10 minutes from Newcastle city centre and within easy reach of the MetroCentre, public transport links and the A1 and A69.

This modern mid-townhouse benefits from a desirable freehold tenure and has accommodation spread across three floors. To the ground floor is spacious lounge, separate fully fitted kitchen with appliances and downstairs W.C. To the first floor are two double bedrooms and the bathroom with three-piece suite. On the top floor are the further two bedrooms and shared ensuite shower room.

Newcastle is a fantastic city to look to invest. Its vibrant city centre is home to a host of popular bars, restaurants, shops and is known for its nightlife and culture offering. The city is an investment hotspot and plays an integral part of the Northern Powerhouse, it is home to two major Universities, a thriving hub of business where over 7000 businesses are registered and offers unbeatable national and global transport links. Over £1.5billion of investment is planned over the coming few years to ensure that the city remains a place where people want to live, work and visit so now is an excellent time to invest. Enquire today to find out more!

Financial Breakdown

Gross Rent: £33,144.90
Net income: £13,713.72
Gross yield: 22.1%
Net yield: 9.14%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07748