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. peppercorn rent.