Investment Purchase with Tenants in Situ | £14,556 Annual Rent | 7.2% Gross Yield | No Onward Chain | Jesmond
Bowson presents this two-bedroom ground floor flat on Tavistock Road, West Jesmond, offered for sale as an investment purchase with tenants in situ. The property is positioned just off Osborne Road, placing a wide choice of cafés, bars, restaurants and everyday amenities within a short walk, while West Jesmond Metro Station and Newcastle City Centre are both within comfortable walking distance. Newcastle University and Northumbria University are also within easy reach, supporting consistent rental demand across the area.
Currently let and producing an annual rental income of £14,556, equating to a gross yield of 7.2%, this is an ideal purchase for landlords looking to add to an existing portfolio or investors seeking an income-producing property in an established Jesmond rental location. Externally, the flat benefits from a private rear yard with off-street parking accessed via a shutter door, a practical feature that adds appeal for tenants in this part of Newcastle.
The accommodation is entered via an entrance hallway giving access to the principal rooms. The spacious lounge provides a comfortable main living space, and leads through to a fitted kitchen offering a range of wall and base units. A separate utility room sits alongside, providing valuable additional space for laundry appliances and storage, and keeping the kitchen clear for everyday use.
Both bedrooms are generous doubles, each well suited to a sharing tenant profile. The bathroom has recently undergone a full renovation and is presented as brand new, meaning an incoming owner is unlikely to face expenditure on this room for some time.
Further benefits include double-glazed windows upgraded in 2021 and a gas boiler fitted in February 2023, which is supplied with a five-year warranty and has recently been serviced. With the bathroom, windows and heating system all updated in recent years, the property offers a buyer a well-maintained investment with limited immediate outlay.
Offered with no onward chain and with tenants already in place, this flat represents a strong opportunity for an investor to acquire a let property with income from completion in one of Newcastle's most established rental areas. Call Bowson today to arrange your viewing!
Tenure: Leasehold – 189 years from 1982 (as advised by the vendor) EPC: [rating] Council Tax: [band]
Interested parties should seek verification of the lease details, ground rent, service charges and remaining lease term through their solicitor prior to exchange of contracts.
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