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Tenanted Buy to Let: 2 Bedroom Apartment

Apartment 17, 19 Parish View, Pudding Chare, NE1 1UD

WHY INVEST IN THIS PROPERTY

  • ​​Tenant will pay until December, then will leave and you can operate this highly attractive, central Newcastle apartment as Serviced Accommodation!
  • ​​​This property comes with off-road parking... A rare and attractive feature in the heart of Newcastle
  • ​Property is located with some of Newcastle's best bars and shops on the doorstep. 350 yards from Theatre Royal, 750 yards from St James' Park, for the football lovers, and less than 0.6 miles from Northumbria University. 
  • ​Just a 15 minute walk to the Utilita Arena Newcastle, host to upcoming shows for the likes of Little Mix, Dua Lipa, McFly and Disney on ice. Due to your proximity to these events, you have the chance to charge a premium on event days
  • ​Newcastle Train Station is just a 4 minute walk from this apartment. Newcastle is on the London to Edinburgh mainline and also has direct links to many of the UK's major cities
  • ​Newcastle International Airport is just 15 minutes by car or 26 minutes by Metro

THE NUMBERS

  • Tenanted until December. Leasehold Allows Service Accommodation
  • ​Purchase price: £135,000
  • ​25% Deposit: £33,750
  • ​Legals and stamp duty: £5,400
  • ​Sourcing Fee: £5,000 + vat

AS BUY TO LET

  • Rental Income: £600 pcm
  • ​ROI: 6.95%

AS SERVICED ACCOMMODATION

  • Estimated Nightly Rate: £95 - £205
  • ​Monthly Income: £3,650
  • Yearly Income: £43,800
*For further information, text: "500" to 07803 410 237
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