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Glenthorn Road, Newcastle Upon Tyne, Tyne and Wear

PROPERTY TYPE

Flat

BEDROOMS

2

BATHROOMS

2

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

  • 2 bedroom ground floor investment property
  • Tenanted until Summer 2027
  • Generating £16,200pa with scope to increase
  • Superb location for students
  • For sale with no onward chain!
  • Photos coming soon

Description

Presenting a fantastic investment opportunity, this two-bedroom ground floor apartment on Glenthorn Road, Newcastle Upon Tyne, Tyne and Wear, NE2 3HN, is now available for sale with offers over £230,000. This property is ideally positioned for investors seeking a reliable income stream, being currently tenanted until Summer 2027 and generating a substantial £16,200 per annum. There is also significant scope to further increase this rental income.


The apartment features two well-proportioned bedrooms, one reception room, and two bathrooms, providing comfortable living spaces. Its ground floor location offers convenient access, a desirable feature for many tenants. The property's layout is practical and functional, designed to maximise space and light.


Glenthorn Road benefits from a superb location, particularly appealing to students due to its proximity to local universities and amenities. Newcastle Upon Tyne is a vibrant city with a strong rental market, driven by its educational institutions, thriving city centre, and excellent transport links. This makes properties in areas like Glenthorn Road highly sought after by both students and young professionals.


Investing in this property means acquiring a ready-made income stream with a secure tenancy in place for the next year and a half. The 'no onward chain' status further simplifies the purchasing process, allowing for a smoother and quicker transaction. This eliminates potential delays often associated with property chains, making it an attractive proposition for serious investors.


While photos are currently unavailable, they will be added shortly to showcase the apartment's interior and features. Prospective buyers are encouraged to register their interest early to avoid missing out on this prime investment. The combination of a strong rental yield, a desirable location, and the potential for future growth makes this apartment a compelling addition to any property portfolio.


Newcastle Upon Tyne offers a wealth of amenities, including diverse shopping options, a vibrant nightlife, cultural attractions, and numerous parks and green spaces. The city's transport network is comprehensive, with excellent bus services and a metro system connecting various parts of the city and beyond. This accessibility enhances the property's appeal to tenants, ensuring continued demand.


This property represents a solid and straightforward investment. With its established tenancy and attractive yield, it provides an immediate return on investment. The potential to increase the rental income further adds to its long-term value. Do not miss this exceptional chance to secure a valuable asset in a highly desirable Newcastle Upon Tyne location.
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.
Permit
GARDENA property has access to an outdoor space, which could be private or shared.
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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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Energy performance certificate - ask agent

Glenthorn Road, Newcastle Upon Tyne, Tyne and Wear

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Affordability

Monthly repayments£1,150
Property: £ 230,000
Deposit: £ 23,000
Interest rate: 5.3%
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_991590295. 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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