Summary - 74 ST KEVERNE SQUARE NEWCASTLE UPON TYNE NE5 3YL
2 bed 1 bath Flat
Income-producing two-bedroom unit ideal for buy-to-let portfolio growth.
• Two-bedroom leasehold flat, approximately 570 sq ft
• Currently let producing £6,900 pa (advertised c.7.5% gross yield)
• Long-term tenant in situ, low immediate void risk
• On-street parking and shared front garden space
• Mid-20th-century block; external condition appears fair
• Likely requires internal updating to maximise value
• Buyers’ premium applies; lease and charges should be checked
• Limited marketing images—on-site inspection strongly advised
This two-bedroom leasehold flat in St. Keverne Square is presented primarily as a buy-to-let opportunity with an established long-term tenant in situ. At 570 sq ft, the apartment is compact and typical of mid-20th-century purpose-built blocks in the area, offering steady rental income without immediate void risk. The current gross income is £6,900 pa against a guide price of £70,000, producing an advertised gross yield around 7.5% on the current figures.
The block and communal grounds appear serviceable from external images, but internal condition is not fully documented and the property may require standard updating works to maximise capital and rental returns. Broadband speeds are average and the area shows average crime and deprivation indices — factors to consider for tenant demand and management costs. There is on-street parking and a shared front garden; no flood risk has been identified.
Key transactional considerations: the property is leasehold, a buyers’ premium will apply to secure the sale, and a Let Property Pack is available for full investment detail. Viewing and inspection of the lease, service charge, communal condition and internal finish are recommended to confirm maintenance liabilities and potential market-rent uplift.
Suited to an investor or developer seeking an income-producing city-suburb unit with near-term cashflow, this flat offers straightforward hands-on refurbishment potential and a predictable tenant profile. Serious purchasers should review the tenancy paperwork and service arrangements before committing.
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