Summary - Apartment 2 St. Johns Mews, 312, Elswick Road, NEWCASTLE UPON TYNE NE4 8DJ
2 bed 1 bath Flat
Compact income-producing flat with clear refurbishment potential and long lease.
Long-term tenant in situ producing £8,400 gross per year
A compact two-bedroom leasehold flat on Elswick Road offered with a long-term tenant in situ, producing a current gross income of £8,400 per year. The property has a small private front garden, on-street parking and a remaining lease of approximately 130 years, making it straightforward for buy-to-let investors seeking immediate rental return.
The flat sits in a densely built urban area with fast broadband and excellent mobile signal, close to local shops, community facilities and several schools rated Good. Income is steady from tenants who have occupied the property for several years and are currently not planning to vacate, reducing void risk for a new owner.
Buyers should note material negatives: the neighbourhood records higher-than-average crime and very high area deprivation, and the property is compact with limited outdoor amenity. The accommodation and external elements may need cosmetic or more substantial works — the exterior descriptions suggest possible cleaning or minor repairs and the interior size is modest at about 581 sq ft.
This is a pragmatic purchase for investors or developers seeking an income-producing unit with clear refurbishment potential and a long lease. It will suit those prioritising yield and occupancy over space and large private gardens.
2 bedroom flat for sale in Ravenshill Road, Newcastle Upon Tyne, NE5 — £80,000 • 2 bed • 1 bath • 710 ft²
2 bedroom terraced house for sale in Lesbury Street, Newcastle Upon Tyne, NE15 — £77,000 • 2 bed • 1 bath • 699 ft²
2 bedroom flat for sale in Akenside Terrace, Newcastle Upon Tyne, NE2 — £166,000 • 2 bed • 1 bath • 688 ft²
2 bedroom terraced house for sale in Kingston Avenue, Newcastle Upon Tyne, NE6 — £110,000 • 2 bed • 1 bath • 646 ft²
2 bedroom flat for sale in Grace Street, Newcastle Upon Tyne, NE6 — £65,000 • 2 bed • 1 bath • 560 ft²
2 bedroom ground floor flat for sale in Hampstead Road, Newcastle Upon Tyne, NE4 — £100,000 • 2 bed • 1 bath • 721 ft²
