**Standout Features:**
- Modern 2-bedroom apartment with 2 bathrooms
- Prime location near Newcastle Central Station and universities
- Currently tenanted with a rental income of £1,000/month, offering a yield of approximately 7.5%
- Open-plan living/dining area with balcony and city views
- Built in 2000, part of a contemporary mid-terrace block
- Good investment potential in a thriving multicultural student neighborhood
**Potential Downsides:**
- Service charge of £2,920 per annum
- Ground rent of £350 per annum
- Council tax band unknown
- Crime rate in the area is very high
Discover urban living at its best in this contemporary seventh-floor apartment located in a vibrant student neighborhood of Newcastle (postcode NE1 4BB). Designed by Dewjoc Architects, this well-maintained property boasts an open-plan living area that flows effortlessly to a private balcony overlooking the city, perfect for entertaining. With two comfortable bedrooms, including a main bedroom with an en-suite, and two bathrooms, this apartment caters to both investors seeking lucrative rental opportunities and families looking to settle in a dynamic community.
Despite its prime location and modern amenities, buyers should note the property comes with a significant service charge and a relatively high crime rate in the area. However, with excellent broadband and mobile signal, along with close proximity to local schools and amenities like gyms, restaurants, and cultural venues, this property captures the essence of cosmopolitan living. The leasehold is secure with 104 years remaining—don’t miss this opportunity to invest in your future within this bustling city. Viewing is highly recommended!
