Summary - PARRISH VIEW 33 PUDDING CHARE NEWCASTLE UPON TYNE NE1 1UD
2 bed 1 bath Apartment
Two-bedroom fifth-floor apartment let and income-producing in central Newcastle.
Let at £1,000pcm — immediate rental income
A city-centre, two-bedroom apartment currently let for £1,000pcm — an immediate-income opportunity in Newcastle’s NE1 postcode. The flat occupies the fifth floor of a modern block with lift access and a secure communal entrance, broadly suited to buy-to-let investors seeking hands-off rental income. Broadband and mobile connectivity are strong, and the building dates from the late 1990s/early 2000s with double glazing already installed.
The layout comprises an entrance hall, compact modern kitchen, living room, two double bedrooms and a three-piece bathroom. The property is sold leasehold with 102 years remaining, an EPC rating of C and a modest ground rent of £50 per year. Annual service charge is £2,251 and council tax band D — factor these running costs into your return calculations.
Important considerations: the area is classified as a cosmopolitan, student-oriented neighbourhood with very high recorded crime and overall area deprivation; this can affect capital-growth prospects and tenant profiles. Heating is by electric storage heaters rather than gas, which may influence utility costs and appeal. The flat is small at about 574 sq ft and currently tenanted, so viewings require notice and it is offered as an investment rather than an immediate owner-occupier move-in.
For an investor targeting central Newcastle rental yield and instant income, this unit presents a clear, straightforward purchase with immediate rent roll. For buyers prioritising long-term capital growth, low-crime areas, or owner-occupation, the neighbourhood characteristics and heating type are material negatives to weigh up.
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