3 bed terraced house for sale

Wellington Street Lemington, Newcastle Upon Tyne NE15

An excellent opportunity to purchase a three-bedroom terraced home in the established residential area of Lemington, Newcastle upon Tyne, offering strong potential for both buy-to-let investors and first-time buyers.

For investors, the property represents an attractive addition to a buy-to-let portfolio, with the potential to generate an approximate 11% gross rental yield, subject to purchase price, achieved rent and occupancy. With three bedrooms and a practical layout, it offers good rental potential for those looking for a high-yielding investment opportunity.

The area offers a good range of everyday amenities, with supermarkets and local shops available throughout Lemington and the surrounding neighbourhoods. Families and occupiers with children are also well catered for, with Lemington Riverside Primary School approximately 100 metres from the postcode, alongside several other primary schools nearby.

The property's combination of local amenities, transport links and accessibility to Newcastle and the Metrocentre adds to its appeal for prospective tenants as well as owner-occupiers.

Please note that any systems, appliances, or services shown in the marketing photographs have not been tested by us and will be subject to the fixtures and fittings agreement with the seller.

Once an offer is accepted, a deposit of £5,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.

All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.