Ideal low-entry investment or first home with rental income option.
Chain-free ground-floor flat with long lease (979 years)
This ground-floor two-bedroom flat sits in a Victorian mid-terrace on Ellesmere Road, offered chain-free with a long lease (979 years). At about 662 sq ft it provides an average-sized layout with a bright living room, compact modern kitchen and a private yard. Double glazing and gas central heating are already installed.
The property is currently tenanted, producing a passing rent of £600 pcm, and can be sold with the tenant in place or vacant — a clear option for buy-to-let investors or first-time buyers wanting a move-in opportunity. On-street parking and good transport links place Newcastle city centre roughly 2 miles away, while nearby schools and local amenities suit families and sharers.
Buyers should note the building’s solid brick construction likely lacks cavity wall insulation and the area scores as very deprived, which can affect resale and rental demand. The flat is straightforward in condition but would benefit from minor updating and energy-efficiency improvements to maximise returns or long-term comfort.
This is a practical, low-entry purchase for investors seeking an immediate income or for a first-time buyer ready to personalise a period property. Clear lease terms, modest running costs and the option to take vacant possession make it a flexible proposition.
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