Summary - Parsons Road, Washington NE37 1EZ
2 bed 1 bath Apartment
Completed, tenanted investment near major employers with strong rental demand.
Completed and tenanted — immediate rental income potential
Offered 20% below market value — built-in equity opportunity
Projected net yield up to 7% (AST) and 11% (short-term lets)
Premium finishes, white goods and modern open-plan kitchen
Compact 2-bed layout (c. 628 sq ft) with one bathroom
Cash-purchase only — not available with mortgage finance
Slow broadband speeds — may limit heavy remote working
Very long lease (c. 997 years remaining), no flood risk
This two-bedroom apartment in Parsons Road is a completed, tenanted buy-to-let with immediate income and built-in equity from a 20% below-market price. Finished to a high specification with premium flooring, white goods and contemporary fittings, it suits investors seeking a low-maintenance addition to a rental portfolio.
Located near major employers including Nissan, Amazon and local supermarkets, the property sits in an area with steady rental demand from commuting workers. The flat is compact (around 628 sq ft) with an open-plan modern kitchen, one bathroom and contemporary apartment-block amenities. Broadband speeds are reported slow — suitable for basic use but potentially limiting for heavy remote working.
Practical strengths include a very long lease (999 years total, c.997 years remaining), no flood risk and excellent mobile signal. Units are sold completed and producing rent; projected net yields are up to 7% on standard ASTs and up to 11% with short-term lets. Note that this offering is for cash buyers only and the layout and size are average-to-small, so it’s best suited to buy-to-let investors or those seeking low-maintenance accommodation rather than families needing larger living space.
Area notes: the neighbourhood is classed as a working rental market undergoing regeneration, with generally average crime levels and nearby schools rated from Good to Outstanding. The block offers modern, low-maintenance finishes but the apartment’s compact footprint and single bathroom are important practical limits to consider.
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