North Terrace, Newcastle Upon Tyne

£380,000  Offers Over
  • House
  • 4 Bedrooms
  • 4 Bathrooms
  • 4 Reception rooms

**Investment Opportunity**Four Apartments**Rear Yard & Garage** Currently arranged as four separate one bedroom apartments, this four storey mid nineteenth century terraced town house is well located within walking distance or Newcastle University, The RVI, and Newcastle City Centre amenities. The four apartments and garage currently generate a total annual rent of £27,720 and a gross yield of 7.3%. Priced to reflect updating required, scope exists to improve the annual rent further. The property was re-roofed in 2021. The Basement Flat includes a Private Entrance, a Living Room, an Inner Hall with built-in storage, a Dining Kitchen, a Double Bedroom and a Bathroom. The Ground Floor and First Floor flats each include a Living Room, a Kitchen, a Bedroom and a Bathroom. The studio-style Second Floor Flat includes a Living Room, a Bedroom Recess, a Kitchen, and a Bathroom. The flats further benefit from gas central heating. Council tax for each individual: A.


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