15% BMV Off market – Fourth floor 2 Bedroom in Newcastle City Centre

£127,000 Fixed Price
  • Type: Apartment
  • Availability: For Sale
  • Bedrooms: 2
  • Bathrooms: 1
  • Reception Rooms: 1
  • Parking: Off Road Parking
  • Tenure: Leasehold
  • Make Enquiry

Property Features

  • 2 spacious bedroom flat
  • Light modernisation needed
  • 15% below market value
  • 100 year lease
  • 2 Bedroom in Newcastle City Centre

Property Summary

This is a modern 2-bedroom flat in a well sought after area with high demand. The flat is in need of a light refurb. It consists of a spacious lounge with a separate kitchen, and a spacious bathroom and the town center is only a few door steps away.

  • Off Market

  • 15% below market value

  • 2 spacious bedroom flat

  • Light modernisation needed

  • Close to the town center

  • Near the train station

  • Close to excellent schools

  • Tenant in situ £750

  • Fair market value (FMV) £145,000 - £150,000

  • Service charge £2,200 per annum

  • 100 year lease

  • Ground rent - £50 a Year

  • Refurbished  £10,000

  • ROI 6% (Buy to let)

  • Estimated rent is £800 - £1,050

  • Great location for Serviced Accommodation Nightly rates: £80 - £120

  • Finder's fee: £5,000


I am in contact with a letting agent who would be able to manage the property for you and make this a hands off investment. If this is of interest text/WhatsApp the office immediately.