Summary - 90 90 Ovington Grove, Fenham, Newcastle Upon Tyne, NE5 NE5 2QE
4 bed 2 bath Apartment
Two rented flats with private gardens and clear refurbishment potential.
Freehold pair of flats producing £14,100 pa (8.8% gross yield)
A practical freehold investment offering two self-contained flats in a 1930s semi-traditional building, well placed for Fenham amenities and good city and road links. The pair are let until April 2026 and currently produce £14,100 pa, giving a gross yield of around 8.8% at the asking price. Each flat has two bedrooms, gas central heating and a private rear garden, making them straightforward lettable units for long-term income.
The building shows period character—bay windows and traditional brickwork—but requires modernization in parts, offering scope to add value through refurbishment. On-street parking only; both flats are compact in layout within a total of about 1,135 sq ft across the building. Council Tax Band A and local amenity access (shops, bus routes, Morrisons) support tenant demand.
Be realistic about the location: the wider area is classified as deprived with above-average crime rates, and the local profile is largely migrant families in terraces and flats. These factors affect tenant mix and management needs but also support steady rental demand and replacement tenants for affordable-stock investors. The property suits an investor looking for immediate income with medium-term refurbishment upside rather than a hands-off premium asset.
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