Investment opportunity | £1,170pcm until Aug 2026 | 7.3% yield | Prime Jesmond location
A superb ready-made investment opportunity in one of Newcastle’s most sought-after locations.
This well-presented two-bedroom ground floor flat is ideally positioned in the heart of Jesmond, within easy reach of both Newcastle and Northumbria Universities. The area is a consistent favourite with students and young professionals, offering a vibrant mix of shops, cafés, bars, and restaurants, with West Jesmond Metro Station and the City Centre both within walking distance.
Currently let at £135 per person per week from 12th August 2025 on a fixed-term Assured Shorthold Tenancy, the property produces £1,170 per calendar month until August 2026, delivering a 7.3% gross yield based on the asking price.
It benefits from a long lease of 189 years from 1982, a new boiler installed in February 2023 with a five-year warranty, and upgraded windows fitted in 2021.
The accommodation includes an entranceway, spacious lounge, fitted kitchen, two double bedrooms, a useful utility room, and a generous bathroom with a shower over the bath. Externally, the property features a private rear yard with off street parking via shutter door.
With its secure tenancy, excellent presentation, and prime Jesmond location, this is an ideal hands-off investment offering both immediate income and long-term appeal.
*This mortgage calculator is provided for general information purposes only. It's intended to provide you with an estimate of your potential mortgage payments and does not constitute an offer of finance or advice. The calculations are based on the information you provide and do not take into account your individual needs and circumstances.
The calculator does not include all the costs you will need to pay when taking out a mortgage. Your actual mortgage payments may be higher or lower than the estimates provided by this calculator. The interest rates used in the calculations are subject to change and may not reflect the actual rates available in the market.
Please note that the calculator does not consider changes in interest rates over time, early repayment charges, or any other fees and charges that may apply to your mortgage. You should always seek professional advice before making any financial decisions.
Remember, your home may be repossessed if you do not keep up repayments on your mortgage.
| Tax Band | % | Taxable Sum | Tax |
|---|
Your estimated gross rental yield would be:
