Summary - 29 Regency Apartments, Citadel East, Killingworth NE12 6DL
2 bed 1 bath Apartment
Instant rental return with tenant in situ and allocated parking.
Two double bedrooms in a compact 558 sq ft layout
A ready-made buy-to-let opportunity in a modern apartment block, offered with an existing fully referenced tenant for immediate income. The two double bedrooms and a combined reception with fitted kitchen make for straightforward rental appeal and a compact 558 sq ft footprint that’s easy to manage.
Practical running costs are clear: a long lease (134 years remaining), below-average service charge (£990 pa) and low ground rent (£180 pa). The building dates from 2003–2006 and benefits from post-2002 double glazing; main heating is electric room heaters, so buyers should allow for higher energy costs compared with gas-heated homes.
Outside there are communal gardens and allocated off-street parking, plus fast broadband and convenient local amenities. The property sits in a comfortable local neighbourhood close to several good primary and secondary schools, though broader area indicators point to mixed socioeconomic conditions and a higher local crime rate.
This apartment suits an investor seeking immediate rental return and low-management space. It is small and straightforward rather than a long-term family home; buyers wanting lower energy bills or major capital-growth renovation should factor in limits of the layout and electric heating.
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