2 Bed Apartment House For Sale Gallowgate, Newcastle Upon Tyne, NE1

£175,000- Apartment

1 of 13
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 21st June 2024

Description

Presenting an incredible investment opportunity in the highly sought-after City Gate apartment block, situated just off St James Boulevard. This property is perfectly positioned for easy access to City Centre amenities, Chinatown, Universities, and Central Train Station. Currently tenanted until August 2025, it achieves a rental income of £1,200pcm!

Boasting an open plan lounge & kitchen with integrated appliances and breakfast bar, large storage cupboard to the hallway , two bedrooms with ensuite shower room to the master and a family bathroom with shower over bath.

There is a parking space included with the property.


Service Charge: TBC

Ground Rent: £75pa 

Remaining on Lease: 102 years

Agent Details
Everbest Properties
95 Percy Street, Newcastle Upon Tyne, NE1 7RW

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 2 bedroom property. See more properties like this.

£170,000
Newcastle Upon Tyne, NE1
Flat
8.6
£170,000
Newcastle Upon Tyne, NE1
Flat
8.6
£170,000
Newcastle Upon Tyne, NE1
Apartment
8.6
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested