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Offers in region of

£165,000

2 bed flat for sale
Citygate, Bath Lane, Newcastle Upon Tyne, Tyne And Wear NE1

    • 2 beds

    • 2 baths

    • 1 reception

  • EPC Rating: C

Leasehold
Reduced on 14/05/2025

About this property

  • Investment Opportunity

  • Third Floor Apartment

  • Two Bedrooms

  • Tenanted until August 2026

  • £14,400pa Rental Income

  • 8.2% Gross Return

  • Master bedroom with en-suite

  • Parking Space Included

  • Council Tax Band D

  • EPC Rating C

Presenting an incredible investment opportunity in the highly sought-after City Gate apartment block, situated just off St James Boulevard. This property is perfectly positioned for easy access to City Centre amenities, Chinatown, Universities, and Central Train Station. Currently tenanted until August 2025, it achieves a rental income of £1,200pcm!

Boasting an open plan lounge & kitchen with integrated appliances and breakfast bar, large storage cupboard to the hallway, two bedrooms with ensuite shower room to the master and a family bathroom with shower over bath.

There is a parking space included with the property.

Service Charge: £3,524 approx.

Ground Rent: £75pa

Remaining on Lease: 102 years

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Monthly repayment

£825 per month

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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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