Investors - Spacious second floor apartment located on Grainger Street benefiting from two double bedrooms and two bathrooms with a gross monthly rental income of £795.00pcm.
Overview This desirable city centre apartment is located on the second floor of a stunning Grade II listed building on Grainger Street adjoining Newgate Street. The property is ideally positioned for those wanting to enjoy the city life, shopping and entertainment that Newcastle has to offer being within walking distance to the Monument, Eldon Square and The Gate.
Accessed via a secure entrance on Grainger Street there is a communal staircase that services the flats in the building and on the second floor there are only two flats meaning that this property only has one adjoining neighbour. The property briefly comprises entrance corridor, storage cupboard, open plan kitchen and lounge, master bedroom with ensuite, second bedroom and main bathroom. For further information regarding the accommodation offered and approximate room measurements please read below. Entrance The entrance hallway/corridor. The intercom system is located in the hallway and the storage cupboard is accessed from here and houses the water tank. Kitchen 2.70m x 6.22m in to the lounge (8'10' x 20'5' in t The u-shaped kitchen is open plan with the lounge and dining area making this a very social space perfect for entertaining. The kitchen benefits from wood style laminate flooring and light wood style veneer wall and base cabinets and includes an integrated fridge, freezer, electric oven, hob and washing machine. Lounge & Dining Area 2.90m x 6.89m (9'6' x 22'7') Open plan to the kitchen the l-shaped living area benefits from three large sash style windows looking out over Newgate Street. The windows provide generous amounts of natural light in to the room. The living area also benefits from wood style laminate flooring and neutral decor. Master Bedroom 3.05m to alcove x 4.34m (10'0' to alcove x 14'3') The spacious master bedroom benefits from neutral decor and carpet flooring. The sash style window looks out over Grainger Street. The master bedroom benefits from an ensuite bathroom which includes a shower cubicle, basin and toilet and benefits from vinyl flooring. Second Bedroom 2.84m x 3.30m (9'4' x 10'10') The second bedroom is an amply sized double bedroom and also benefits from neutral decor and carpet flooring. Bathroom 1.59m x 2.72m (5'3' x 8'11') The main bathroom provides a white bathroom suite including basin, toilet, bath and shower over the bath. There is tiling splash back to the bath and basin and vinyl flooring. Additional Information This is an ideal investment property due to it's central locality and proximity to the Universities. The property is currently tenanted on an Assured Shorthold Tenancy Agreement until May 2014 and receives a gross monthly income of £795.00pcm which is a gross annual income of £9, 450.00. There is no parking allocated to this building but permits can be purchased independently for nearby car parks. Energy Performance Certificate To view the full EPC please go to:
General Disclaimer Every care has been taken with the preparation of these particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, we will be pleased to check the information for you. These particulars do not constitute a contract or part of a contract. All measurements are approximate.
NE1 Zed-Index £150,254£167,608£145,631£192,281£148,932 stats for
Value change £1,043(0.70%)£3,601(-2.34%)£4,512(3.10%)£4,611(3.17%)£4,738(3.26%)£955(0.64%)£3,049(2.07%) from
Avg. price paid: £136,899
No. of property sales: 76
Avg. price paid: £132,667
No. of property sales: 262
Avg. price paid: £140,983
No. of property sales: 450
Avg. price paid: £161,009
No. of property sales: 790
Avg. price paid: £149,704
No. of property sales: 3,223
Avg. asking price in NE1:£201,314 No. of properties for sale in NE1:224
Avg. asking rent in NE1:£923 pcm No. of properties to rent in NE1:361