Summary - 59 WATERBEACH PLACE NEWCASTLE UPON TYNE NE5 2NE
2 bed 1 bath Terraced
Immediate rental income with long-term tenants and driveway parking.
- Two bedrooms, lounge, kitchen/diner and separate WC
A straightforward buy-to-let opportunity in NE5, this two-bedroom mid-terrace is offered freehold with long-term tenants in situ. The property currently produces a gross annual rent of £7,800 and will appeal to investors seeking immediate income and easy management thanks to a sitting tenant who wishes to remain.
The house provides a conventional layout: lounge, kitchen/diner, bathroom plus separate WC, two bedrooms and a private rear garden. Off-street parking on a private driveway is a practical bonus for rental appeal. The overall footprint is modest (approx. 829 sq ft) and the plot is small, keeping running costs lower than larger houses.
Condition is largely traditional/post-war and the property will benefit from updating to optimise rental value or for a change of use by a developer. The neighbourhood shows signs of deprivation and a higher crime rate, which can affect tenant profile and resale pricing; investors should factor this into yield calculations. Broadband and mobile signal are strong, and nearby schools include several rated Good and one Outstanding primary.
Practical sale notes: the property is offered with a Let Property Pack and a Buyer’s Premium will be applied. Tenancy details are available; purchasers should review the pack to confirm rent roll, deposit holding, tenancy terms and any obligations on transfer.
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