Summary - Flat 7, 10 Osborne Terrace NE2 1NE
3 bed 1 bath Apartment
Fully let three-bedroom duplex until 2026
A ready-made rental in the heart of Jesmond, this three-bedroom duplex delivers strong income and low-management continuity with tenancies in place until 2026. The flat returns £22,620 pa (10.77% gross yield) and sits in a proven student/professional catchment close to universities, Jesmond Metro, shops and cafés. Bright rooms, dormer windows and high ceilings give the accommodation a spacious, characterful feel that appeals to a wide tenant mix.
Practical features include a modern fitted kitchen, a shower room, private off-street parking and a small front garden. The property is part of a converted Victorian terrace with double glazing, mains gas heating and a long lease (104 years remaining, share of freehold). Annual costs to note are a service charge around £2,800 and a ground rent of £100.
Important considerations: the building has timber-frame elements with no known insulation (assumed), only one bathroom for three double bedrooms, and the location records a higher local crime level. The flat is sold with sitting tenants, so immediate vacant possession would not be available until tenancy expiry.
For investors this is a high-yield, low-vacancy asset in a sought-after rental suburb; for buyers considering owner-occupation, budget for refurbishment and consider the tenancy timetable and service costs before purchase.
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