Summary - 136 JOAN STREET NEWCASTLE UPON TYNE NE4 8QN
3 bed 1 bath Flat
Three-bed buy-to-let with tenant in situ, immediate rental income in well-connected Benwell location.
Three bedrooms in an upper flat layout
A straightforward buy-to-let opportunity in Benwell: this upper three-bedroom flat is offered with a tenant in situ, currently producing £700 pcm. Set within a Victorian terrace, the property retains high ceilings and bay-window period character, and benefits from gas central heating, excellent mobile signal and fast broadband — attributes attractive to rental tenants.
The layout is simple and practical: private ground-floor entrance, stairs to the upper flat, lounge, kitchen, three bedrooms and a single bathroom/WC. Local amenities, schools and frequent transport links into Newcastle city centre are within easy reach, supporting consistent rental demand in this established renting-families area.
Buyers should note material considerations: the flat is leasehold, located in a licensed rental area, and sits in a very high-crime, very deprived neighbourhood which may affect tenant turnover and resale. Interiors are dated and will need modernisation to maximise value; rooms are small to medium in size. The property is currently let so viewings may require notice and it will be sold with the tenant in situ.
For an investor seeking immediate income, the property offers an attractive gross rent yield (around 12% at current rent and asking price) and low council tax costs. For an owner-occupier or someone seeking long-term capital growth, budget for refurbishment and factor in the local socio-economic challenges before committing.
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