Summary -
Apartment 23,Marsh Box,2 Marsh Parade,NEWCASTLE,ST5 1FA
ST5 1FA
1 bed 1 bath Flat
Ready-let one-bedroom offering strong income for portfolio buyers.
Long-term tenant in situ with consistent payments
Gross income £8,100 pa — approx. 8.1% gross yield
Leasehold with 243 years remaining
Shared private off-street parking available
Small overall size — approx. 377 sq ft, limited space
Urban location; no private garden or outdoor amenity
Area shows high crime and deprivation indicators
Buyers Premium applies on sale — read terms carefully
This one-bedroom leasehold flat is offered as a buy-to-let opportunity with a long-term tenant in place, producing £8,100 pa gross. The property sits in a purpose-built mid-rise block with shared private parking and straightforward, low-maintenance accommodation ideal for a hands-off investor.
The apartment is small (approx. 377 sq ft) and presented in modern style internally, with a single bedroom, reception room and contemporary bathroom. The long lease (243 years remaining) and off-street communal parking are practical benefits for future landlords.
Considerations are factual and important: the local area shows higher crime rates and significant deprivation indicators, and there is no private garden or substantial outdoor amenity. The building appears urban and compact — suitable for commuter renters rather than families seeking space.
The property currently delivers a gross yield of about 8.1% (income £8,100 on a £100,000 price), making it attractive to investors seeking income. A Buyers Premium will apply to secure the sale and the tenant is reported to wish to remain, so occupation is likely to continue post-sale. Prospective purchasers should review the Let Property Pack and inspect for condition, layout details and management arrangements prior to purchase.
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