Summary - Flat 4, 10 Osborne Terrace, NEWCASTLE UPON TYNE NE2 1NE
2 bed 1 bath Apartment
Character conversion with mezzanines, parking and strong rental yield.
- Two double bedrooms with mezzanine levels for study or storage
- Ground-floor luxury conversion with high ceilings and large bay window
- Tenanted until July 2026; income £15,462.57 and gross yield ~7.7%
- Off-street parking to the rear and close to universities and city centre
- Leasehold ~110 years remaining; ground rent £100 per year
- Service charge high at £2,867.96 (2025) — factor into costs
- Built c.1900-1929 solid brick; likely no wall insulation
- Area records higher-than-average crime levels
A spacious, ground-floor Victorian conversion in the heart of Jesmond, this two-bedroom apartment pairs period character with contemporary layout. High ceilings and large bay windows flood the reception with light, while mezzanine levels over the lounge and master bedroom create flexible study or storage zones and add real visual appeal.
Currently tenanted until July 2026, the property produces a stated rental income of £15,462.57 with a gross yield of over 7.7%, making it immediately attractive to buy-to-let investors. Off-street parking to the rear and proximity to Newcastle and Northumbria universities and the city centre support strong rental demand in this cosmopolitan neighbourhood.
Practical details to consider: the flat is leasehold with approximately 110 years remaining and an annual ground rent of £100. The service charge is significant (£2,867.96 for 2025), and the wider area records higher crime levels than average — both worth factoring into running costs and investor risk assessments. Internally the apartment appears modern and well-presented, though the building’s original solid brick construction likely lacks wall insulation.
Overall this is a solid income-producing property in a sought-after student and city-edge location. It will suit investors seeking immediate yield or an owner-occupier willing to hold through the existing tenancy and benefit from a well-located, characterful home.
2 bedroom flat for sale in 10 Osborne Terrace, Jesmond, Newcastle Upon Tyne, NE2 — £190,000 • 2 bed • 1 bath • 636 ft²
3 bedroom apartment for sale in Osborne Terrace, Jesmond, Newcastle upon Tyne, NE2 — £210,000 • 3 bed • 1 bath • 1013 ft²
2 bedroom apartment for sale in Osborne Avenue, Jesmond, Newcastle Upon Tyne, NE2 — £240,000 • 2 bed • 1 bath • 850 ft²
2 bedroom apartment for sale in Jesmond Road Flat 1, Newcastle Upon Tyne, NE2 — £215,000 • 2 bed • 2 bath • 717 ft²
2 bedroom flat for sale in Forsyth Road, Jesmond, Newcastle upon Tyne, NE2 — £175,000 • 2 bed • 1 bath • 715 ft²
2 bedroom apartment for sale in Jesmond Place, Jesmond, Newcastle Upon Tyne, NE2 — £180,000 • 2 bed • 1 bath • 554 ft²
