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Wingrove Avenue, Newcastle Upon Tyne, Tyne and Wear, NE4 9AJ

PROPERTY TYPE

Flat

BEDROOMS

4

BATHROOMS

2

SIZE

170 sq ft

16 sq m

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

  • Pair Of Flats
  • Excellent Investment Opportunity
  • One Tenanted Flat
  • One Vacant Flat

Description

Presenting an exceptional investment opportunity, this pair of two-bedroom flats, located in the vibrant city of Newcastle Upon Tyne (NE4 9HS), is now available for sale with offers invited over £150,000. This unique offering comprises two distinct flats, each boasting two well-proportioned bedrooms, two bathrooms, and a comfortable reception area. Crucially, one of these flats is currently vacant, offering immediate potential for rental income or owner-occupation, a significant advantage for investors seeking quick returns or buyers looking to move in promptly.


Each flat has been thoughtfully designed to maximise space and natural light, providing a welcoming and functional environment. The two bedrooms in each unit offer ample accommodation, catering perfectly to students, young professionals, or small families seeking a convenient city base. The two bathrooms per flat enhance practicality and comfort, a significant advantage in properties of this size and configuration.


Situated in Newcastle Upon Tyne, the location benefits from excellent transport links, ensuring easy access to the city centre, universities, and major employment hubs. Residents will appreciate the proximity to local amenities, including shops, supermarkets, restaurants, and leisure facilities, all contributing to a high quality of urban living. The area is well-served by public transport, further enhancing its appeal to those who commute or prefer not to rely on a car.


This property represents a compelling proposition for investors looking to expand their portfolio with a high-yielding asset. The configuration of two separate flats under one title offers flexibility and potential for dual rental incomes, significantly enhancing the return on investment. The immediate availability of one vacant flat is a key selling point, allowing for swift tenant placement or personal use without delay. The demand for rental properties in Newcastle Upon Tyne remains consistently strong, driven by its thriving student population and growing professional sector, ensuring a steady stream of prospective tenants.


For owner-occupiers, the option to live in the vacant flat and rent out the other provides a smart way to offset mortgage costs, or alternatively, the entire property could serve as a substantial family home with independent living spaces. The versatility of this offering, combined with the immediate occupancy potential of one unit, is truly one of its strongest selling points.


We highly recommend an early viewing to fully appreciate the scope and potential of this excellent investment. Properties of this nature, offering such a robust combination of location, size, income potential, and immediate availability, are rare to the market and are expected to attract considerable interest from astute buyers.
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.
On street
GARDENA property has access to an outdoor space, which could be private or shared.
Patio
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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Wingrove Avenue, Newcastle Upon Tyne, Tyne and Wear, NE4 9AJ

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Affordability

Monthly repayments£713
Property: £ 150,000
Deposit: £ 15,000
Interest rate: 4.85%
Term: 30 years
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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.
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.

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Disclaimer - Property reference GRT_GRT_LFSYCL_815_991544735. 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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