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Two Bedroom Apartment With Allocated Parking

Two Bedroom Apartment With Allocated Parking

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Auction date

11 May 2026

Guide price

£100,000

Type

Flat

Tenure

Leasehold

EPC Rating

C

Status

Upcoming

Auction location placehbolder

Description

An excellent opportunity to acquire a fully tenanted investment property, with longstanding tenants since October 2024. The flat generates an income of £1,200 PCM from October 2025, totaling £14,400 annually. The apartment benefits from a valid EPC until January 2034 and an EICR until September 2029, ensuring compliance and peace of mind.

The property features an entrance hall with ample storage, an open-plan lounge/dining/kitchen fitted with modern appliances, and two double bedrooms, each with French doors opening to Juliet balconies. The main bedroom has an ensuite shower room, with a separate main bathroom.

Additional highlights include a secure entry system and lift access. Externally, there's allocated parking and visitor spaces available.

Located in the Ochre Yards development by the River Tyne, it's conveniently close to Newcastle city centre and the vibrant Quayside.

Leasehold information:A 125-year lease from January 1, 2012, with approximately 110 years remaining. Ground rent is about £165 per year, and the service charge is £2,508.40 per annum (£209.03 PCM).

Last update: 22 Apr 2026

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