The property is situated in NE28, Wallsend, a well-established residential area offering a wide range of local amenities including shops, schools, cafés and supermarkets. The area benefits from excellent transport links via regular bus routes and Metro services providing direct access to Newcastle City Centre, making it highly attractive to tenants seeking affordability and convenience.

Wallsend continues to perform strongly in the rental market, with steady demand from professionals, couples and small families due to its accessibility and value for money.

The accommodation comprises stairs to the first floor, leading to one double bedroom, one single bedroom, a comfortable living area, a galley-style fitted kitchen with ample cupboard space, a four-burner gas hob with integrated oven, and a family bathroom to the rear, which is fully tiled and includes a towel heater and shower over bath. The layout is practical and well-proportioned, designed to maximise lettability and minimise ongoing maintenance requirements.

Externally, there is a yard and ample on-street parking to the front.

The property is currently let at £650 per calendar month, generating an annual income of £7,800 and delivering a gross yield of approximately 9.75%. This provides investors with an immediate return from day one, supported by an established tenancy in place.

Further benefits include a peppercorn ground rent lease structure, offering long-term cost certainty and improved mortgageability compared to more conventional leasehold arrangements.

Overall, this is a strong investment opportunity offering a secure income stream, attractive yield, and consistent tenant demand within a well-connected residential location.

Lease details:
Term: 999 years from 21 November 1986
Ground rent: None

EPC: D
Council Tax Band: A