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Property Listing Details

Property details

  • 4 bedrooms
  • 1 bathroom
  • 1 reception room
  • Floor area 760 sq. ft


  • Leasehold
  • Underground parking
  • Tenanted investment property
  • 5.7% Gross Rental Yield
  • £11,400 rent per annum
  • 16.4% hpi (last five years)

Listing view statistics

Last 30 days: 83 page views

Since listed: 927 page views


This is an investment opportunity to purchase an apartment in Newcastle generating £11,400 rent pa and a gross yield of 5.7%.

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 2004

Property information

  • Located on the 3rd floor
  • Fully let 4-bed apartment
  • Comes with a spacious living room and separate kitchen
  • Comes with a parking space
  • EPC rating C
  • Lift access
  • Popular with students and young professionals
  • The building has a communal garden and is serviced and maintained by a management company

Rental income

  • Let for £950 pcm until June 2020 and then for £1,300 pcm from July 2020 until June 2021
  • Gross rental yield from July 2020 will be 7.1%, based on new rental income

Location information

The property is ideal for families or students occupancy, offering a variety of educational institutions such as the Sacred Heart rc High School, Gosforth Academy and two universities, of which Newcastle University is within 100 meters walking distance and Northumbria University is just on the doorstep.

You could get

Superfast broadband Superfast broadband

Up to 80 Mbps (Source: Ofcom)


Map & Nearby

Local Amenities

  • Manors 0 miles
  • Newcastle 0.6 miles
  • Christ Church CofE Primary School 0.2 miles
  • Hotspur Primary School 0.7 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Manors 0 miles
  • Newcastle 0.6 miles
  • Christ Church CofE Primary School 0.2 miles
  • Hotspur Primary School 0.7 miles

Market stats

Sale activity

Average estimated value for a flat in NE1:

  • £173,915
  • Price decrease

  • -£1,541
  • (-0.878%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

  • Properties sold


Rental opportunities

Looking for an investment? The average rent for a 4 bedroom flat in NE1 is currently:

£1,430 pcm

Recent sales nearby

See all recent sales in NE1
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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The Agent

Price history

Sold prices provided by Land Registry
18th Sep 2020 £200,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Vesta Property. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Vesta Property for full details and further information.