Summary - 24 LILY STREET NEWCASTLE ST5 0BE
2 bed 1 bath Terraced
Immediate rental income and easy access to shops, schools and transport links.
Sold with tenant in situ (rental income £695 pcm)
A compact mid-terrace offering straightforward rental income in a convenient Wolstanton location. The property is sold with a tenant in situ, currently achieving £695 pcm, representing a gross yield above 8% at the asking price. That makes it an attractive short-term income play for an investor seeking immediate returns.
Internally the house includes two reception rooms, a fitted kitchen with oven and hob, a ground-floor bathroom and two well-proportioned first-floor bedrooms. Heating is by mains gas combi boiler and double glazing is fitted throughout, reducing immediate outgoings for the incoming landlord.
Externally there is an enclosed yard and the property sits close to shops, schools, public transport and Wolstanton Retail Park, with the A500 nearby for commuter connections. Built c.1900–1929 in solid brick, the house has potential for modest refurbishment to improve EPC and tenant appeal, but significant structural upgrades are not indicated by the provided information.
Considerations: the property is sold with a sitting tenant, so vacant possession is not immediate; the EPC is D and walls are assumed to be uninsulated, so energy-efficiency improvements may be required to raise EPC and reduce longer-term running costs. Plot size is small, and internal space is compact, suiting investors or buyers seeking a low-maintenance let rather than a large family home.
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