No longer on the market
This property is no longer on the market
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Floorplan
Map2 bedroom apartment
Chain-free
Apartment
2 beds
2 baths
Key information
Features and description
- Two Bedroom Second Floor Corner Apartment
- Two Balconies with Lovely Views
- Ideal For First Time Investors or Investors
- Currently A Successful Rental
A well presented two bedroom corner apartment, located on the 2nd floor of the popular Manor Chare, with two balconies with lovely views over the surrounding greenery. The apartment, a successful let for many years and ideal for investors and first time buyers, benefits from secure allocated underground car parking space, a private balcony with views, and double glazing - offered with no upward chain.
Manor Chare is ideally located on the Quayside for access to all the bars, restaurants and cafes that are close by, as well as offering good accessibility into Newcastle City Centre with its shops and excellent transport links throughout the region.
The accommodation comprises: Communal entrance hallway with lift and stair access to all floors - Private entrance on the 2nd floor - Entrance hallway - Open plan kitchen/diner with lovely dual aspect views and a balcony with lovely views. The kitchen is well equipped with fairly modern cabinetry and worktops, as well as integrated appliances - Bedroom one with ensuite shower room WC and further external balcony - Bedroom two - Family bathroom with three piece suite - Underground car parking space.
Rental income is £1200 pcm, which is £14,400 PA equivalent to 8.5% gross yield, subject to service charges at £3051 PA and £250 ground rent PA.
Please note the apartment is tenanted until 21st July 2025.
Services: Mains electric, water and drainage - Tenure: Leasehold - Lease Remaining: 103 Years - Service Charge: £3051.04 per annum - Ground Rent: £250 per annum - Council Tax: Band D - Energy Performance Certificate: Rating C
Council Tax Band: D
Tenure: Leasehold
Lease Years Remaining: 103
Ground Rent: £250.00 per year
Ground Rent Review Period: 1 year
Service Charge: £3051.04 per year
Manor Chare is ideally located on the Quayside for access to all the bars, restaurants and cafes that are close by, as well as offering good accessibility into Newcastle City Centre with its shops and excellent transport links throughout the region.
The accommodation comprises: Communal entrance hallway with lift and stair access to all floors - Private entrance on the 2nd floor - Entrance hallway - Open plan kitchen/diner with lovely dual aspect views and a balcony with lovely views. The kitchen is well equipped with fairly modern cabinetry and worktops, as well as integrated appliances - Bedroom one with ensuite shower room WC and further external balcony - Bedroom two - Family bathroom with three piece suite - Underground car parking space.
Rental income is £1200 pcm, which is £14,400 PA equivalent to 8.5% gross yield, subject to service charges at £3051 PA and £250 ground rent PA.
Please note the apartment is tenanted until 21st July 2025.
Services: Mains electric, water and drainage - Tenure: Leasehold - Lease Remaining: 103 Years - Service Charge: £3051.04 per annum - Ground Rent: £250 per annum - Council Tax: Band D - Energy Performance Certificate: Rating C
Council Tax Band: D
Tenure: Leasehold
Lease Years Remaining: 103
Ground Rent: £250.00 per year
Ground Rent Review Period: 1 year
Service Charge: £3051.04 per year
Property information from this agent
About this agent
Welcome to Sanderson Young With years of experience in the North East property market we are widely regarded as the leading estate agent within the North East. If you are looking to buy, sell or let property anywhere in the North East, Sanderson Young is the place to find professional property management. 'In 1999, I was delighted to open the first office of Sanderson Young, in Gosforth. We now have four branches offering a diverse range of services throughout the North East of England. I am very proud of the reputation that we have formed as Sanderson Young, where the company is recognized for its maturity and wealth of knowledge, with many of my colleagues having worked in estate agency since 1985. Our focus and mission is to provide exceptional service when dealing with the sale and letting of your property. I am confident that we show a great deal of care and attention, to provide the requirements you need when moving home, and to support our excellent knowledge and discrete service with professional marketing material, which will be tiered to your profile & personal requirements. Sanderson Young principally focuses on the sale and letting of properties throughout Northumberland, Tyne and Wear and Co Durham. We are supported by professional surveyors and mortgage experts with a wealth of knowledge, to guide you through the maize, and to give you the very best levels of service and the most competitive packages that are available at that time. We believe in strong marketing techniques and we are very privileged to be working with so many beautiful homes, where professional photography, beautiful brochures, and high profile websites, enable us to reach out to the maximum number of prospective buyers and tenants. We are experts in the sale and letting of high value properties and beautiful homes, but we also have the experience to be able to support and market brand new developments with house prices to suit all pockets, and proven marketing techniques, which enable us to sell from £80,000 to £5 million. We are a caring family run business, exceeding the expectations of our clients in everything we do. I very much look forward to being able to help you with your home move, and please do not hesitate to contact me personally if I can assist you in any way. With my kindest regards and best wishes.' -Duncan Young, Dip.Est.Man. FNAEA, Managing Director