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Front
Living room
living room
Kitchen
Bedroom
Bedroom 2
Bedroom 3
Bedroom 4
Bathroom
EPC
1 of 10

A tenanted 4-bedroom apartment in Newcastle, generating £16,932 and gross yield of 7.1%

£240,000
Apartment
VES-NE1-003

Financials

Rental Income

GROSS RENT PER ANNUM

£16,932

Rent per annum is the total sum of annual income before expenses, charges or voids.

GROSS RENTAL YIELD

7.1%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£13,202

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

5.5%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£3,730

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

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Features

USE
Residential
TENURE
Leasehold
PRICE
£240,000
RENT PER ANNUM
£16,932
GROSS YIELD
7.1%

4 bedrooms

1 bathroom

1 reception room

760

Fully Furnished

Tenanted

New rent has been agreed to commence on 1st July 2019 at £1,473 pcm.

Leasehold Details

  • Length of lease: 125 years from 2006
  • Service Charge: £2,500
  • Ground Rent: £250

Includes parking space

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

About Newcastle, North East

Newcastle is a city in Tyne and Wear in the north east of England, it is situated 14.8 miles north of Durham, 103 miles south of Edinburgh and 277 miles north of London.

This area is serviced by Newcastle railway station which lies on the East Coast Main Line and is managed by London North Eastern Railway. London North Eastern operates high-speed inter-city services southbound to London, one of which is a semi-fast train making only 2 stops before arriving at London’s King Cross. There are 3 trains every 2 hours northbound to destinations in Scotland. Crosscountry provides additional services to Scotland to the north and at least 2 trains per hour to Birmingham southbound, from which trains continue to stops all over the south-west and south coast. TransPennine Express provides services to Manchester/Liverpool via Leeds with Newcastle acting as the terminus. Northern also runs several local commuter and regional services to locations in the northeast. Newcastle also benefits from the Tyne & Wear Metro which is an underground railway service connecting Tyne & Wear across two lines and transporting around 37 million passengers per year.

Newcastle is notorious for its buzzing nightlife and was voted in the top three of Tripadvisor Travellers’ Choice Destination Awards for European Nightlife destinations. The Bigg Market and Quayside are at the heart of the pubs, bars and nightclub district and a wide variety of restaurants offering cuisines from across the globe. Newcastle also has a rich history of culture through the arts such as theatre, music venues, museums and galleries. Newcastle city centre has several major shopping areas, the largest of these being the Eldon Square Shopping Centre which boasts over 150 stores and services.

There are many job opportunities in Newcastle city centre and the economy includes many corporate headquarters in fields such as learning, digital technology, retail and tourism. Big employers such as Greggs, Virgin Money, EE, Npower and many more all have their headquarters here.

Over 42,000 students that live in Newcastle, spread across the various campuses of University of Newcastle and Northumbria University. This location could also be perfect for a young family looking for local schooling options, with Christ Church CofE Primary in close proximity and offering education to the age of 11. For those that may be looking for further education Gateshead College provides courses, subjects and apprenticeships for those that are 16+.

Rialto,

Newcastle upon Tyne,

Tyne and Wear,

England,

NE1 2JR

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