Summary - 92 AVALON DRIVE NEWCASTLE UPON TYNE NE15 7SF
1 bed 1 bath Apartment
Immediate rental income in a comfortable, well-located Newcastle neighbourhood.
Tenanted investment currently let at £475 pcm
Gross yield approximately 11.4% on £50,000 price
Leasehold with 976 years remaining
EPC rating D — energy improvements advised
Electric storage heating; higher running costs likely
Annual service charge £840 (below average)
Sold at online auction — fees apply; check completion terms
Includes small private garden and communal lawn
This one-bedroom leasehold apartment in NE15 is offered as a tenanted investment with a long lease and immediate rental income. Currently let at £475pcm, it provides an attractive gross yield relative to the £50,000 guide price, making it suitable for buy-to-let portfolios or auction investors seeking near-term cashflow.
The flat occupies an average-sized 463 sq ft layout with a reception room, double-capable bedroom and small kitchen. The building dates from the late 1970s, has double glazing, cavity walls and electric storage heating. A communal lawn and a private garden add outdoor space for residents.
Practical considerations: the EPC is rated D and heating is electric storage heaters, so energy-efficiency improvements could reduce running costs and improve tenant appeal. The property is sold via online auction with fees payable and is currently let, so completion times and tenancy terms should be checked before bidding.
Key ownership strengths include a very long lease (976 years), low council tax (Band A) and a below-average service charge of £840 per year. The area is a comfortable, self-sufficient neighbourhood with good local amenities and low crime, supporting steady rental demand.
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