Summary - Shortridge Terrace, Jesmond, Newcastle upon Tyne NE2 2JE
2 bed 1 bath Flat
**Standout Features:**
- Investment opportunity with a current annual income of £12,000
- Impressive gross yield of 8.2%
- Prime ground-floor flat in a desirable area of Jesmond
- Convenient access to Newcastle city centre and local amenities
- Perfect for student and professional tenants
**Potential Downsides:**
- Some structural maintenance may be required, given age and type
- Increased crime rates in the local area, which may be a concern for some buyers
This charming two-bedroom ground-floor flat on Shortridge Terrace in Jesmond is an outstanding investment opportunity, currently generating an annual income of £12,000 and boasting a remarkable gross yield of 8.2%. Covering 615 sq ft, the flat features a spacious lounge, well-appointed kitchen, and a bathroom—all set within a classic Victorian terraced building that adds timeless character. Its prime location is perfect for attracting both students and professionals, with easy access to the vibrant local businesses on Osborne Road, as well as the Jesmond Metro service.
The property comes with the bonus of being pre-let for the upcoming academic year, ensuring immediate rental income. Enjoy the blend of urban convenience and residential comfort, though it is essential to note that potential buyers should keep in mind the average crime rates in the area and consider future maintenance needs typical of properties of this age. Positioned in a cosmopolitan neighborhood with excellent amenities within walking distance, this flat is an ideal asset for investors seeking reliable returns in a bustling market. Act quickly, as opportunities like this in such a desirable locale don’t last long!
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