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2 bedroom ground floor flat for sale

Dunmorlie Street, Newcastle Upon Tyne, Tyne and Wear, NE6

PROPERTY TYPE

Ground Flat

BEDROOMS

2

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Two bedroom
  • Ground floor
  • Rear yard
  • Currently let £595pcm
  • No upper chain
  • Turn key investment

Description

Discover an outstanding investment opportunity with this well-presented two-bedroom, ground floor apartment, ideally situated on Dunmorlie Street in the vibrant city of Newcastle Upon Tyne. This property is offered for sale with offers in excess of £59,950, making it an incredibly attractive proposition for discerning investors seeking a ready-made income stream.


The flat boasts a practical and comfortable layout, featuring two generously sized bedrooms, a single well-appointed bathroom, and a welcoming reception room. The ground floor location provides convenient access, a highly sought-after attribute for many tenants.


One of the most compelling aspects of this property is its current tenancy. It is presently let at a respectable £595 per calendar month, ensuring immediate rental income from day one of ownership. This established tenancy makes it a truly turn-key investment, eliminating the typical void periods and tenant sourcing efforts often associated with new acquisitions.


Further enhancing its appeal, the property benefits from a private rear yard, offering valuable outdoor space, a desirable feature in urban living. This additional amenity can significantly contribute to tenant satisfaction and retention.


For investors, the absence of an upper chain is a significant advantage, promising a smoother and potentially quicker transaction process. This streamlines the acquisition, allowing you to capitalise on your investment without unnecessary delays.


Located in Newcastle Upon Tyne, Dunmorlie Street offers excellent connectivity and access to local amenities, transport links, and the city centre's diverse offerings. This ensures continued demand for rental properties in the area, underpinning the long-term viability of this investment.


This property represents a superb chance to acquire a low-risk, high-potential asset in a popular residential area. Whether you are expanding an existing portfolio or making your first foray into property investment, this two-bedroom ground floor flat provides a secure and profitable venture. Early viewing is highly recommended to fully appreciate the value and opportunity this exceptional property presents.
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Dunmorlie Street, Newcastle Upon Tyne, Tyne and Wear, NE6

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Recently sold & under offer
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About Greetham Gilbert, Jesmond

25 Osborne Road, Jesmond, Newcastle Upon Tyne, NE2 2AH

Greetham Gilbert is a tech-based, forward-thinking estate agency, we are revolutionising the real estate industry by seamlessly integrating technology, innovation, and marketing excellence. We embrace cutting-edge advancements to transform the way properties are bought, sold, and showcased. Through our forward-thinking approach, we leverage the power of data analytics, and artificial intelligence to provide unparalleled insights and experiences for our clients. Our editorial standard marketing ensures that every property we represent receives strategic and targeted promotion across various channels, captivating potential clients and maximising exposure. With our tech-driven mindset, we constantly adapt and evolve to stay ahead of industry trends, delivering exceptional results and surpassing expectations. Experience the future of real estate with our visionary team, where technology meets innovation and marketing excellence to redefine the way properties are bought, sold and let.

Your mortgage

Per year
Lenders usually expect a 10% deposit
%
Choose between 2 and 40 years
Years
Current average is 4.5%
%
Monthly repayments
£274
We think you can borrow up to
Add your household income above
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference GRT_GRT_LFSYCL_815_991484894. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Greetham Gilbert, Jesmond. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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