1 bed flat for sale

Spital Terrace, Newcastle Upon Tyne NE3

Tenure: Leasehold

Priced to sell!
Vacant & chain free
viewings to commence from 21st March-Please register interest online
(No floorplan available at present sorry)

This well-presented one bedroom first floor flat is offered to the market vacant and chain free, making it an ideal opportunity for first time buyers or investors. The property is situated in a sought after location, close to local amenities, and benefits from a long lease of approximately 155 years. Inside, the accommodation comprises a bright living room, a separate fitted kitchen, a generous double bedroom, and a modern bathroom. The flat is EPC rated D, with potential to improve to a C, offering energy efficiency and lower running costs. The property falls within Council Tax Band A, making it a cost-effective choice for owners or tenants. With an estimated rental income of £800 per calendar month, this flat provides an impressive gross yield of 8.3 percent per annum, making it highly attractive for buy to let investors. There is a low ground rent of just £10 per annum and no service charge, ensuring minimal ongoing costs.

Although the flat does not have a garden, it benefits from unallocated on street parking, providing convenient access for residents and visitors. The surrounding area is well maintained and offers a pleasant residential environment. The location is particularly advantageous, with a range of shops, cafes, and public transport links all within easy reach. This ensures that the property is not only a comfortable home but also a practical base for commuting or enjoying the local community. With no onward chain, this property is ready for immediate occupation or letting, presenting a straightforward and appealing purchase. Early viewing is highly recommended to appreciate the value and potential of this competitively priced flat.

Nb. In accordance with Section 21 of the Estate Agent Act 1979, we declare that there is a personal interest in the sale of this property. The property is being sold by Director’s of Move Places Ltd.

A Buyer’s Reservation Fee forms part of any agreed purchase price. Please contact branch for more information.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2: These particulars do not constitute part or all of an offer or contract.

3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.

4: Potential buyers are advised to recheck the measurements before committing to any expense.

5: Mp has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.

6: Mp has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

EPC Rating: D

Location

2a Spital Terrace, Newcastle Upon Tyne, NE3 1UT

Parking - On Street

Unallocated