Flat for sale in Windmill Court, Spital Tongues, Newcastle Upon Tyne NE2
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Property features
- One Bedroom Upper Flat
- Periodic Tenancy £725pcm + £50pcm For The Parking Bay
- Total Yield Return of Around 7.75%
- Flexible Purchase For Investors & Owner Occupier
- Allocated Parking Space
- Private Yard To The Rear
- Superb Location For Students & Professionals
- Close To The City Centre!
- Council Tax Band A
- EPC C
Property description
We are delighted to present this exceptional investment opportunity, located in the highly sought-after area of Spital Tongues, Newcastle upon Tyne. This well-presented, tenanted one-bedroom upper flat is currently achieving a rental income of £725pcm +£50pcm for the parking bay.
The property offers a steady return with a 7.75% yield and is perfectly positioned just a short distance from the City Centre. Situated in the quaint residential housing area of Spital Tongues, this property provides easy access to shopping, local bus services, Newcastle University, and the rvi Hospital.
Briefly comprising an entrance hallway with stairs to the first floor, it features a spacious double bedroom, an open-plan kitchen/living area with laminate flooring, two additional storage cupboards on the landing (one of which houses the boiler.) and a bathroom suite with a shower over the bath.
The contemporary design ensures a comfortable and stylish living space.
The flat includes one allocated parking space, a valuable addition for urban living, with optional permit parking available to the front.
Externally, there is a private garden space to the rear with access via the residents' side path.
This property is an excellent investment with a reliable tenant in place and a total monthly rental income of £775.
With an EPC rating of C, the property is double glazed and benefits from gas central heating via Worcester Bosch boiler, ensuring energy efficiency and comfort for tenants.
Don't miss out on this fantastic investment opportunity in one of Newcastle's most desirable areas.
Contact us today to arrange a viewing or for more information.
Council Tax Band: A
EPC: C
We have been advised by the vendor that the property is leasehold with the lease extended, having 149 years remaining.
Ground rent per annum est £25.00.
Property info
For more information about this property, please contact
Bowson, NE2 on +44 191 244 9568 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bowson, and do not constitute property particulars. Please contact Bowson for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.