Summary - 5 LILY TERRACE NEWCASTLE UPON TYNE NE5 2LP
2 bed 1 bath Terraced Bungalow
Ready-made rental with steady income and refurbishment upside.
Freehold two-bedroom mid-terrace with private rear garden
A compact two-bedroom mid-terrace with a private rear garden and long-term tenants in place. Sold freehold, it produces a current gross rental income of £6,600 per year and offers immediate cashflow for a buy-to-let portfolio.
The property sits in an urban Newcastle location with fast broadband and excellent mobile signal, close to shops, transport links and several primary and secondary schools rated Good. The building is typical of older terraced stock with period features externally and modest internal room sizes; standard modernisation will likely be needed to maximise rental value.
Material considerations: the area records higher crime and overall deprivation indices, and the listing has limited internal photos or floorplans. Tenants have occupied the property for seven-plus years and intend to remain, so possession for refurbishment is not guaranteed. A buyer’s premium applies to the sale process.
Suitable for investors or developers seeking a low-entry, ready-tenanted asset with scope to improve rent through refurbishment or longer-term redevelopment. Internal inspection and review of the Let Property Pack are recommended to confirm condition, tenancy terms and projected yields.
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