Clarendon Mews, Brunton Lane, Newcastle Upon Tyne, NE3

2 bedroom Flat in Newcastle Upon Tyne

For Sale
Offers Over £137,000
Current Yield 5.9 %
Potential Yield 7.0 %
Property Reference: 215072548
  • Flat
  • 2 Bedrooms
  • 2 Bathrooms
  • 1 Receptions
  • 77 sq m

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Ensuite Bathroom
  • Balcony
  • Allocated Parking
  • Easy Access to Local Amenities
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

The well-maintained property features two bedrooms, a spacious lounge, a three-piece and ensuite bathroom, and a modern kitchen in excellent condition. Additionally, it includes a balcony and an allocated parking space.

Investment Details:

The property currently generates an annual gross income of £10,200 which has the potential to be increased to a market rate of £12,000 with the current tenants in place. Considering the purchase price, this investment presents a substantial opportunity for investors seeking to expand their portfolio.

For further details on the property’s investment potential, please refer to the attached Let Property Pack.

Should you express interest in this property, please contact us.

Tenancy Details:

The current tenants have consistently paid their rent throughout their tenancy and have no intention of relocating. They are committed to remaining in the property.

Let Property Sales is dedicated to facilitating a seamless transaction process and ensuring mutual commitment from both parties. To secure a property, a fully refundable buyer’s premium may be applied. This premium is not an additional cost and is refunded in the event of non-completion.

Helpful Information

Council Tax Band: C
Property Reference: 215072548

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £850
  • Potential Rent pcm: £1,000
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: 2 years+
  • Tenants means of funding: Employment
Property Reference: 215072548
Property Reference: 215072548

Property Location

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Request DetailsClarendon Mews, Brunton Lane, Newcastle Upon Tyne, NE3

Offers Over £137,000

Make an offer
Clarendon Mews, Brunton Lane, Newcastle Upon Tyne, NE3

Listing Price

Offers Over £137,000

Disclaimer
All offers are submitted to the seller for approval. On acceptance of your offer you will be required to instruct a solicitor for Legal Acceptance of your offer. A fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. Terms and payment details will be provided upon verbal acceptance of your offer.