Summary - Belle Grove Terrace, Newcastle Upon Tyne, NE2 NE2 4LL
1 bed 1 bath Flat
Immediate rental income in a period terrace close to city amenities.
Gross annual income c. £10,200 (c.10.6% gross yield at £80,000)
This compact one-bedroom flat in Spital Tongues is presented primarily as an investment opportunity. It sits within a period terrace and currently produces a gross rental income of approximately £10,200 per year (c.10.6% gross yield at the asking price). A tenant is in situ and wishes to remain, offering immediate rental return and minimal void risk for a purchaser seeking cashflow.
The flat occupies a small footprint (c.405 sqft) within a Victorian bay-fronted terrace and includes a private front garden and on-street parking. The property is leasehold with around 100 years remaining, and broadband and mobile signal in the area are strong—features that appeal to student and professional renters.
Known negatives are clear and factual: the unit is small, internal condition and energy performance are not confirmed from current materials and an internal inspection is recommended. The area records above-average crime and the sale documentation references a Buyer’s Premium/transaction fee to secure the purchase process. These factors should be considered by cautious buyers and incorporated into affordability and management plans.
Overall this is best suited to serious investors or developers seeking an immediate let asset with room for rental growth through active management or modest refurbishment. Obtain the Let Property Pack, tenancy paperwork, EPC and an internal inspection before committing to value or refurbishment budgets.
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