- Enclosed Rear Yard +
- EPC Rating C +
- Fireplace +
- Investment Potential +
- Rental Demand +
- Buy to Flip Investment +
Welcome to South Parade. This property is a two-bedroom, one-bathroom ground floor flat on South Parade. Keep reading to find out what makes this property unique!
Buy to Flip Potential:
With the right vision and execution, this property could provide a lucrative return on investment using a buy-to-flip strategy.
Prime Location: Close to Heworth Metro Station:
This property also enjoys a prime location with easy access to essential amenities as well as being a 17 minute drive from Newcastle City Centre. It is also only a 5 minute drive to Heworth metro station making daily life convenient and hassle-free.
High Rental Demand:
This property has strong rental demand in the area, with potential of an 11% yield, making it an excellent option for long-term rental investment opportunities.
As you walk through the property, you are greeted by a bright living room with a feature fireplace. The galley kitchen provides space for appliances as well as having an integrated hob and extractor fan.
In this property there are two bedrooms, one spacious double bedrooms, and one single bedroom. You also have one family bathroom, complete with a bath and a walk in shower.
Externally you have on street parking to the front of the property.
This house is located near many local amenities such as a hospital, schools, shops, takeaways, and other everyday necessities.
Early viewing is highly recommended.
Tenure: Leasehold (999 years)
Ground Rent: £1 per year
Peppercorn rent - £1PA