Summary -
Flat 1,30 Grosvenor Road,NEWCASTLE UPON TYNE,NE2 2RP
NE2 2RP
2 bed 1 bath Flat
Income-producing two-bedroom flat in a busy student neighbourhood ideal for landlords.
• Two-bedroom leasehold flat producing £13,500 gross p.a.
• Small overall size: approximately 517 sq ft
• Long-term tenant currently residing; income historically reliable
• Victorian conversion with high ceilings and period exterior
• Front garden only; no private rear garden of note
• On-street parking only; no allocated parking space
• Above-average local crime reported; consider security measures
• Buyers Premium applies; check total acquisition costs
This two-bedroom leasehold flat on Grosvenor Road is offered as a buy‑to‑let opportunity with a long-term tenant in situ, producing a current gross income of £13,500 per year. The property occupies 517 sq ft within a Victorian conversion in a cosmopolitan, student‑orientated neighbourhood close to local amenities and strong transport links. High ceilings and period exterior add character; interior is compact and best suited to rental use rather than family living.
For an investor, the appeal is immediate: reliable rental income, tenant stability, and easy management with street parking and a small front garden. Broadband speeds are fast and mobile signal is excellent — useful for letting to students or young professionals. The listing includes a Let Property Pack for more detailed income and tenancy information.
Buyers should note several material points: the property is leasehold; overall internal size is small (517 sq ft); there is only a small front garden and on‑street parking. The area reports above‑average crime levels, and the building is a converted Victorian block so modernisation or selective refurbishment may be required to maximise future rents. A Buyers Premium applies on sale, which will affect total purchase costs.
This is a straightforward addition for investors seeking an income‑producing flat in NE2, particularly those targeting the student or private rented sector. Seek full tenancy documentation, the Let Property Pack, and up‑to‑date service charge/lease details before bidding or offer submission.
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