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Investment opportunity for sale in Newcastle

Parrish View, Pudding Chare, Newcastle upon Tyne, Tyne and Wear
For sale
£140,000

COMMON USE CLASS: C3 Dwelling Houses

vesta-property
This property is marketed by:
Vesta Property

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 2001
  • Years left on lease: 104 years (from 2022)
  • Ground rent review period: tbc
  • Service charge review period: tbc

Property information

  • Located on the third floor
  • Lounge is currently used as a third bedroom
  • Main bedroom comes with ensuite shower room
  • All other tenants share the main bathroom
  • Balcony, accessible from the main bedroom and the lounge
  • The flat was redecorated (painting of walls & new flooring) within the last 5 years
  • EPC rating B
  • Council tax band D

Rental income

  • The rent is inclusive of all bills
  • Room 1 - £390 pcm - periodic tenancy
  • Room 2 - £500 pcm - let 17/10/20 - 16/04/21
  • Room 3 - £527 pcm - vacant, new tenant is currently undergoing referencing
  • Total rental income pcm: £1,417
  • Total rental income pa: £17,004

Location information

  • The apartment is ideally located in the centre of Newcastle with many amenities on the doorstep
  • Newcastle railway station is around a 5-minute walk away

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.


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