Summary - 305 WELBECK ROAD NEWCASTLE UPON TYNE NE6 2QX
2 bed 1 bath Flat
Long-lease tenanted flat with strong yield in an inner-city location..
Tenanted investment returning £525 pcm (£6,300 pa)
Asking price £60,000 — high gross yield (~10.5%)
Two-bedroom first-floor flat, approx. 703 sq ft
Long lease: 989 years remaining on 999-year term
EPC C, gas central heating, double glazing
Located in a very deprived area with high local crime
Sold at auction; verify lease and tenancy details with solicitor
Solid brick walls likely without insulation — potential retrofit needed
This two-bedroom first-floor flat is offered as a tenanted investment, currently returning £525 pcm (£6,300 pa) and offered at £60,000. The property sits in an Edwardian mid-terrace with double glazing, mains gas central heating and an EPC rating of C. With 989 years remaining on a 999-year lease (from 2016), the long lease offers security for investors. The flat measures approximately 703 sq ft and includes a lounge, kitchen, two bedrooms and a bathroom.
The location provides practical rental appeal: close to local shops, frequent bus links and a wide range of neighbourhood amenities. Council Tax Band A keeps running costs low. The advertised yield is high relative to the asking price, making this attractive to investors seeking immediate rental income and long-term capital prospects in a major conurbation.
Buyers should note material negatives plainly. The property is in a very deprived area with a high local crime rate, which may limit tenant pool and future capital growth. The building is of solid brick construction likely without wall insulation; further insulation or improvement works may be needed to improve comfort and energy performance. It will be sold at auction and subject to the existing tenancy — prospective purchasers must verify lease and tenancy details with their solicitor.
Suitable for investors comfortable with letting in an inner-city, high-demand rental market, this flat offers immediate cash flow and long lease security but will require active management and possibly modernization to maximise long-term value.
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