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Guide price

£150,000

2 bed flat for sale
The Bar, Newcastle Upon Tyne, Tyne & Wear NE1

    • 2 beds

    • 2 baths

    • 1 reception

  • EPC Rating: C

Chain free
Leasehold
Added on 01/05/2024

About this property

  • Investment Opportunity

  • 7% Gross Yield

  • Two Bedrooms

  • Balcony

  • Council Tax Band C

**Investment opportunity**Balcony**Two Double Bedrooms**Two Bathrooms**A purpose built seventh floor apartment. Situated within an exciting and rapidly improving quarter of the city, the property is located within walking distance of Central Station, Newcastle Helix (Science Central), the Business School, and all City Centre amenities. With a Communal Entrance and Lift Access, the interior includes a Private Reception Hall, a 24ft Living Room / Dining Room and Kitchen Area, a Master Bedroom with an En-Suite Shower Room, a Second Double Bedroom and a Bathroom. The property generates a rent of £950 per calendar month and is let until January 2026. With no onward chain, the property further benefits from a balcony, double glazing and electric heating. Tenure - Leasehold
Council Tax Band: C

**Investment Opportunity**Two Double Bedrooms**Two Bathrooms**A purpose built seventh floor apartment. Situated within an exciting and rapidly improving quarter of the city, the property is located within walking distance of Central Station, Newcastle Helix (Science Central), the Business School, and all City Centre amenities. With a Communal Entrance and Lift Access, the interior includes a Private Reception Hall, a 24ft Living Room / Dining Room and Kitchen Area, a Master Bedroom with an En-Suite Shower Room, a Second Double Bedroom and a Bathroom. Let on a rolling contract at £825pcm, the property generates a gross yield of approximately 7%. With no onward chain, the property further benefits from a balcony, double glazing and electric heating. Tenure - Leasehold

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Monthly repayment

£750 per month

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More information

  • Tenure

    Leasehold (Ask agent)

  • Service charge

    £2,700 per year

  • Council tax band

    C

  • Ground rent

  • Ground rent date of next review

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