Property Overview
This well-proportioned two-bedroom first-floor flat presents an excellent opportunity for both investors and owner-occupiers. Situated in a popular and well-connected area of West Newcastle, the property offers comfortable living space with strong rental demand and future growth potential.
The accommodation briefly comprises:
A bright and spacious living room, ideal for relaxing or entertaining
Two well-sized bedrooms, suitable for sharers, couples or small families
A functional fitted kitchen with ample storage and workspace
A bathroom with modern fittings
Practical layout with good natural light throughout
The property benefits from a solid construction, manageable running costs and an EPC rating of C (75), making it efficient and appealing to tenants.
Investment Highlights
Asking price: £91,000
Service charge: £480.00pa
Current rental income: £490 pcm (£5,880 per annum)
Current gross yield: approx. 5.9%
Potential rental income: £675 pcm (£8,100 per annum)
Potential gross yield: approx. 8.37%
With scope to increase rent to market level, this property offers an attractive opportunity to enhance returns through light refurbishment or re-letting.
The 123-year lease provides long-term security for investors and mortgage lenders, and the flat type remains in high demand within the NE4 postcode.
Why It's a Great Place to Live
Jefferson Place is located just over a mile from Newcastle City Centre, making it ideal for commuters, professionals and students. The area benefits from:
Excellent bus and transport links into the city centre and surrounding areas
Close proximity to local shops, supermarkets, cafes and services
Easy access to universities, hospitals and major employers
Nearby parks and green spaces, including Leazes Park
The neighbourhood is vibrant and diverse, offering a strong sense of community while maintaining the convenience of city living.
Summary
39 Jefferson Place is a well-located, affordable two-bedroom flat offering:
Strong current and potential rental yields
Long lease length (over 100 years)
EPC C rating for energy efficiency
High tenant demand location
Excellent value at £91,000
An ideal purchase for buy-to-let investors, first-time buyers, or those seeking a low-maintenance property with long-term potential.
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