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3 bedroom semi-detached house for sale

Springfield Road, Newcastle Upon Tyne NE5 3QQ


Property Description

Key features

  • Tenanted for immediate return on investment
  • Net yields at 5.9%
  • Offered unfurnished
  • Great transport links to Newcastle City Centre
  • Local to all amenities
  • Front and rear gardens
  • Driveway parking.

Full description

We are pleased to present this large 3 bedroom, 1 bathroom semi-detached house in the heart of Blakelaw, offered tenanted for instant returns on investment. The property comprises of a large living room, a spacious separate kitchen with ample cupboard space and worktops, a dining room, 3 good sized bedrooms, one family bathroom and gardens to the front and rear. The property also comes with driveway parking. The house is offered unfurnished and is currently tenanted returning a 5.9% net yield.

The house is perfectly situated local to all amenities and benefits from good public transport links, with easy access to the A1 North and South and the Central Motorway into Newcastle City Centre.

Financial Breakdown

Gross rent: £7,800
Ground rent: £0
Service charge: £0
Lettings fees: £420
Net income: £7,380
Gross yield: 7.09%
Net yield: 6.71%

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-13069

Listing History

Added on Rightmove:
19 December 2018

Map & Street View

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