Large five-bed maisonette with long lease and strong rental potential.
Five bedrooms and three bathrooms across basement and ground floors
A spacious five-bedroom ground-and-basement maisonette in central Newcastle, recently renovated and ready for occupation or rental. The property occupies a former bank with a characterful Victorian stone façade, high ceilings and large rooms that suit sharers, students or professionals seeking city-centre living. With three bathrooms and one reception room across about 1,798 sq ft, it offers flexible layout options for multiple tenants or a large household.
Practical costs are attractive: a very long lease (964 years), nominal ground rent (£30 pa) and a B-rated EPC. The property benefits from modernised kitchen and double glazing installed after 2002, mains gas heating and fast broadband — all positives for lettings or owner-occupation.
Buyers should note material neighbourhood considerations. The area is classified as deprived with a high local crime rate, which may affect rental demand, insurance and management requirements. There is on-street parking only and no private garden. A mining search is recommended given local history. Legal checks should confirm lease details and the ground rent position before proceeding.
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