Summary - 43 CASTLESIDE ROAD, NEWCASTLE UPON TYNE NE15 7DR
3 bed 1 bath Flat
Affordable three-bed flat with long lease and rental income potential..
Rent income £650 pcm — immediate rental income potential
Long leasehold: 961 years remaining (999-year term from 1987)
Three bedrooms, one bathroom — family or shared-let layout
Enclosed front and rear gardens with side access and decking
EPC band C, double glazing, gas central heating (boiler in cupboard)
Average-sized rooms in a 1950s–1960s build; may need cosmetic updating
Area is deprived with above-average crime — affects resale/letting
Council tax band A — very low running costs
This three-bedroom first-floor flat on Castleside Road offers straightforward accommodation and strong rental potential. With long leasehold security (961 years remaining) and current rent of £650 pcm, the property will suit investors seeking immediate income or first-time buyers wanting a manageable home with outside space.
The layout includes a front double bedroom with a bay window, two further bedrooms, a lounge, kitchen and a three-piece bathroom. Externally there are enclosed front and rear gardens with side access and a rear deck — useful for storage or low-maintenance outdoor use. The flat benefits from double glazing, gas central heating and an EPC rating of C.
Notable drawbacks are the property’s location in a deprived area with above-average crime rates, which may affect resale and lettings to some tenants. The accommodation is average sized and shows a traditional 1950s–1960s build standard; some cosmetic updating or targeted refurbishment could increase value and rental desirability. Tenure is leasehold (999-year original term, 961 years remaining).
Overall this is a practical, affordable purchase at £80,000 for buyers seeking a low-entry investment or a first home with outdoor space. Buyers should factor in local area challenges and consider modest updating to maximise long-term returns.
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