Summary - 74, Kelvin Grove NE2 1RL
2 bed 1 bath Apartment
**Standout Features:**
- Two-bedroom first-floor flat
- Located in a prime cosmopolitan student neighbourhood
- Currently let until July 2026 generating £788.67/month
- Gross yield of 5.7% with potential for rent increases
- Victorian high ceilings in the living room and modern kitchen
- Double glazing and gas central heating
- Private entrance, rear yard, and great natural light
- Close to amenities and Newcastle City Centre
**Potential Downsides:**
- Above-average crime rate in the area
- No insulation in the solid brick walls (potential for cold in winter)
Discover a unique investment opportunity with this charming two-bedroom first-floor flat, perfectly positioned in a vibrant and affluent student neighbourhood. With a generous 689 square feet, the property boasts a light-filled living and dining room featuring impressive Victorian high ceilings and a modern galley kitchen complete with wood cabinetry and sleek black countertops.
Currently rented out until July 2026 for a solid monthly return, this flat offers a gross yield of 5.7%, making it an ideal choice for savvy investors looking for passive income. Future rental growth potential and a private rear yard enhance its appeal. While the solid brick construction doesn’t currently incorporate insulation and the area reports an above-average crime rate, the benefits of location, comfort, and security easily outweigh these factors for both investors and families alike.
With excellent mobile and broadband connectivity, top-ranking schools nearby, and a vibrant community atmosphere, this property presents a unique blend of lifestyle and opportunity. Schedule your viewing today to secure this coveted gem—properties in this area don’t stay on the market long!
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