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No longer on the market

This property is no longer on the market

8 bedroom terraced house

Terraced house
8 beds
5 baths
Added > 14 days

Key information

TenureFreehold
Council taxBand A
Mobile signal
EEO2ThreeVodafone

Features and description

  • Five Flats Available
  • Rental Annual Income £32000.00 PA
  • Fantastic Investment Opportunity
  • Tenants in Situ
  • Modern Throughout
  • Viewings Essential

Attention Investors – Opportunity Knocks!

Welcome to Phillipson Street, Walker, NE6 – a superb investment opportunity ideal for expanding your portfolio or stepping into the property investment market. This modern, fully refurbished property boasts an impressive 10% rental yield and offers strong potential for future growth.

Transformed by the current owner from a single dwelling into five high-quality flats, the property comprises:

  • 3 x Two-Bedroom Apartments (currently let at £600pcm each)

  • 2 x One-Bedroom Apartments (currently let at £400pcm each)

All flats have been finished to a high standard throughout and are being sold with tenants in situ, ensuring immediate rental income from day one.

It’s worth noting that the current rental values are below market rate, offering scope to increase rental yields further over time.

This is a turn-key investment with strong fundamentals and room for growth. Viewings are highly recommended to fully appreciate the quality of the renovation and the income potential on offer.

Tenure: One freehold title

Council Tax: Each flat is council tax band A: £1,607.73

EPC Rating: TBC

Material Information: Built of standard construction.

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.

Tenure: Freehold,
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About this agent

Northwood - West End
Northwood - West End
676 West Road Newcastle upon Tyne NE5 2UR
0191 228 6214
Full profileProperty listings
Looking to buy, sell, rent or let in Newcastle? Then look no further! As a leading Newcastle property agent, we have built a professional team of local, friendly experts who are passionate about property. We offer a full range of agent services including, house sales, lettings and property management, but are best known for our Guaranteed Rent service - the perfect let it and forget it solution for landlords. We also have an investor site which is particularly useful to landlords that require a confidential “off market” sales or purchase facility where tenants can stay in situ and no rental income is lost. We work closely with Insurance and finance specialists who can often provide solutions that high street names do not. So if you are ready to move, feel trapped by the property market, have a specific lettings or sales question, or just want some honest advice, get in touch with one of the Newcastle team today.
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