Summary - 6 LESBURY STREET NEWCASTLE UPON TYNE NE15 8DN
2 bed 1 bath Terraced
Income-producing two-bedroom terrace with immediate yield and short refurbishment potential.
- Freehold mid-terraced Victorian property with long-term tenant in situ
- Current gross rental income £6,600 per annum
- Two bedrooms, one bathroom; overall internal size modest (699 sq ft)
- Private driveway parking and small enclosed front garden
- Compact rooms typical of older terraces; limited internal space
- Local area: very deprived classification and higher crime levels
- Tenant intends to remain; no vacant possession guaranteed on purchase
- Recommend full internal inspection, measured survey and tenancy review
A compact two-bedroom Victorian terrace in NE15 offered with a long-term tenant in situ — a straightforward buy-to-let for a hands-on investor. The property is freehold, produces a current gross income of £6,600 per year and includes private off-street parking and a small enclosed front garden. The brick exterior looks well maintained and the layout is typical of older terraced stock, with modest room sizes across two storeys.
This listing is best suited to investors or developers seeking an income-producing asset or a short refurbishment project. The current tenancy has been stable for several years and the tenant intends to stay, providing immediate rental return but limiting vacant possession options. The house’s compact footprint means rental yield is constrained by size, though acquisition at the listed price supports a competitive headline yield.
Buyers should note the local context: the area is described as very deprived with higher crime levels, which can affect tenant demand and re-letting risk. An internal inspection and full measured survey are recommended to confirm condition, services and any refurbishment needs before purchase. Investment detail and tenancy records are referenced in the Let Property Pack for purchasers to review.
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