Offers over
£124,950
(£166/sq. ft)
2 bed flat for saleLeazes Court, Barrack Road, Newcastle Upon Tyne NE4
2 beds
1 bath
2 receptions
753 sq. ft
EPC Rating: C
- Leasehold
Bowson
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About this property
Rental Income: £895.00 pcm / £10,740 pa
Tenanted Two Professionals - 4th February 2025 – 3rd February 2026
Estimates Yield Return 8%
Two Double Bedrooms With additional Study/Office
Well Presented Throughout
Currently Managed By Bowson
Council Tax Band A
EPC Rating C
Superb Location Close To City Centre!
Attention Investors.. Arrange Your Viewing Today!
*** investor opportunity - tenanted until 3rd February 2026 - £895PCM ***
Bowson are delighted to welcome to the sales market this well-presented second-floor apartment, ideally located on the cusp of Newcastle city centre.
The property offers a fantastic opportunity for both residential buyers and investors alike, with excellent access to transport links, local amenities, leisure facilities, and key institutions including St James’ Park, universities, and hospitals.
Internally, the apartment comprises two generously sized double bedrooms, a spacious lounge area with the added benefit of an adjoining office or study space, a contemporary kitchen with multiple appliances, housing a combi boiler, and a stylish bathroom featuring a stand-alone tub with shower over.
Additional features include ample internal storage and permit parking.
The apartment is currently undergoing a full roof replacement, offering peace of mind and adding long-term value to the property.
This home is perfectly suited to mature students or professionals seeking a well-located and turnkey property in a thriving urban setting.
Investor Information
Tenancy Type: Assured Shorthold Tenancy (AST)
Let Basis: Fully furnished
Rental Income: £895 per calendar month / £10,740 per annum
Tenancy Term: 4th February 2025 – 3rd February 2026
Estimated Gross Yield: Approximately 8.6% (based on asking price of £124,950)
This is a ready-made investment opportunity offering immediate rental income, professional tenants in situ, and minimal ongoing management requirements.. Ideal for investors seeking strong yields and long-term rental demand.
Property Information
Tenure: Leasehold
Lease Details: 125 years from 11th March 1991 (Approx. 91 years remaining)
Service Charge: Approximately £326 per annum
Ground Rent: £10 per annum
Managing Agent: Your Homes Newcastle
Roof Works: Full roof replacement currently underway (significant capital improvement)
Call Bowson to arrange your viewing of this superb apartment!
EPC Rating C
Council Tax Band A
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More information
Tenure
Leasehold (91 years)
Service charge
£326 per year
Council tax band
A
Ground rent
£10
Ground rent date of next review