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3 Bed Flat, Single Let, Newcastle upon Tyne, NE2 2JE £245,000

Shortridge Terrace, Jesmond, Newcastle upon Tyne, NE2 2JE - 10 months ago
  1. Deal Search
  2. Newcastle Upon Tyne
  3. NE2
  4. NE2 2JE
Sold STC
Leasehold
BTL
~70 m²

ValuationOvervalued

This may not be accurate, please check manually.

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Links

  • More Deals in Newcastle Upon Tyne
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Property History

Listed for £245,000

March 14, 2025

Sold for £194,500

2003

Floor Plans

Description

INVESTMENT OPPORTUNITY - CURRENTLY LET & PRE LET FOR 2025/26 - GROSS ANNUAL INCOME £22,280 - GROSS YIELD 9.0%!

This three bedroom bedroom first floor flat is ideally located on the Shortridge Terrace, Jesmond. Perfectly placed for the buy to let market and within walking distance to Osborne Road and Jesmond Metro Service. Currently let for student academic year and pre let for the 2025/26, this property provides an investment opportunity not to be missed. The location of Shortridge Terrace is ideal for both student and professional tenants, being close to Newcastle city centre, countless bars cafe's and restaurants in Jesmond itself.

The accommodation briefly comprises: entrance porch through to entrance hall with stairs to first floor landing; lounge; kitchen; bathroom; three bedrooms, bedroom one with walk in bay. Externally, a private rear yard with wall boundaries and gated access to the rear service lane.

Upper Floor Flat | Three Bedrooms | Lounge | Kitchen | Bathroom | Private Rear Yard | Investment Opportunity | Let & Pre-Let for 2025/26 | Annual Income £22,280 Per Annum | Gross Yield 9.0% | Leasehold - Tyneside Lease with Peppercorn Rent | Council Tax Band B | EPC: D

EPC - D

Agent Details

Bailey & Co., Jesmond

0191 625 0229

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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Cashflows

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