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Colston Street, Newcastle Upon Tyne, NE4 8UL

£146,000

Property Type
Flat
Bedrooms
5
Bathrooms
2
Reception Rooms
2
Tenure
Freehold
Agent
Let Property
Floor Area
1,431 sq ft
Price / sq ft
£102
Listed 8d agoUpdated 13h ago

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Property Summary

This freehold property portfolio in Newcastle Upon Tyne comprises two self-contained flats: a two-bedroom ground floor flat and a three-bedroom first floor flat, offering a total of five bedrooms and two reception rooms. Currently tenanted with compliant residential agreements, the portfolio generates a steady annual gross income of £15,852, reflecting a current gross yield of 10.86%, with potential to increase to 12.33% based on projected rental income. The properties benefit from private gardens, street parking, and a current EPC rating of C. With tenants in situ and a recent tenancy term of under two years, this portfolio presents a compelling investment opportunity for cash buyers seeking rewarding rental returns in a sought-after area. Further investment details and documentation are available in the Let Property Pack.

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