Summary - 8 THAMES STREET CHOPWELL NEWCASTLE UPON TYNE NE17 7DB
2 bed 1 bath Terraced
Immediate rental income with solar savings and long-term tenant in place.
- Long-term tenant in situ (7 years) providing immediate rental income
- Gross return approximately 10.5% at asking price
- Solar panels reduce electricity costs and improve efficiency
- Two double bedrooms; good-sized lounge for a terrace
- Freehold mid-terrace, built c.1900-1929, solid brick walls
- Heating via electric storage heaters, no gas central heating
- Located in a very deprived area with higher local crime rates
- Small plot; limited or no garden and modest external space
A straightforward buy-to-let with proven income: this mid-terraced, two-bed property has been tenanted for seven years and currently returns about 10.5% on the asking price. The long-term occupant and solar panels deliver an immediate, low-effort income stream and lower running costs.
Accommodation is typical of early 20th-century terraces: two double bedrooms, a good-sized lounge and a compact breakfast kitchen with modern units. The house is freehold and of average internal size (around 840 sq ft), making it an easy-to-manage addition to a rental portfolio.
Buyers should note the local and property-specific drawbacks: the neighbourhood records higher crime and very deprived area statistics, the plot is small with no notable garden, and heating is by electric storage heaters rather than gas central heating. These factors affect tenant demand and future resale values.
Overall, this is a hands-off investment for someone prioritising immediate yield and minimal entry work. There is also potential for modest capital improvement if a buyer chooses to update heating or external amenities over time.
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