Summary - 51 GRANTHAM ROAD NEWCASTLE UPON TYNE NE2 1QX
6 bed 2 bath Flat
Turnkey paired flats with long lease and immediate rental income near universities.
Combined annual rent £32,640; strong gross yield 8.7%
A ready-made, high-yield investment in Sandyford: a traditional Tyneside mid-terrace arranged as two self-contained flats (two-bed lower, four-bed upper) producing a combined annual income of £32,640 and a strong gross yield of 8.7% at the asking price of £375,000. Both units are fully licensed and tenanted until summer 2026, offering immediate, hassle-free rental returns and a long lease (share of freehold, 999 years).
The flats combine period character with contemporary fittings — bay windows, high ceilings and original fireplace surrounds alongside modern oak-effect kitchens and grey worktops. The upper maisonette benefits from Velux skylights and multi-level bedroom space; the lower flat has direct access to the shared rear yard and a larger front bay bedroom. Separate kitchens and living rooms in each unit make both properties well suited to sharers or a student market.
Practical considerations: the building is solid-brick construction typical of its era (1900–1929) with assumed limited cavity insulation, so energy performance may be lower than modern build standards. Rooms are generally medium-to-compact in footprint consistent with converted Tyneside flats. The area shows higher crime levels locally — a material factor for lettings and insurance — and the rear yard is shared rather than private. Council tax is described as very cheap, and mobile and broadband connectivity are strong.
This is an investor-focused opportunity: stable income, turnkey tenancy and proximity to universities, cafes and transport in a cosmopolitan student neighbourhood. Buyers should budget for ongoing maintenance, possible energy-efficiency upgrades, and consider the local crime profile when setting rents or managing tenancies.
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