Pudding Chare, ., Newcastle upon Tyne, Tyne and Wear, NE1 1UD
- PROPERTY TYPE
Apartment
- BEDROOMS
3
- BATHROOMS
2
- SIZE
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Key features
- Three Bedroom Apartment
- Sought After Location
- Viewing Recommended
Description
Investment Opportunity: Spacious Three-Bedroom Apartment in Newcastle City Centre
We are pleased to present this well-appointed three-bedroom apartment located on Pudding Chare, a historic and charming lane nestled in the heart of Newcastle upon Tyne. Currently tenanted, the property offers an immediate rental income of £1,554 per month (£18,648 per annum), making it an attractive investment opportunity.
Property Features:
Bedrooms: Three Bedrooms, including a master bedroom with an en-suite shower room.
Kitchen: Equipped with a range of wall and base units and appliances.
Living Area: Spacious and inviting, perfect for relaxation and entertaining.
Bathrooms: A well-appointed main bathroom with a modern three-piece suite.
Floor: Located on the 4th Floor.
Lift: The building is equipped with a lift for easy access.
Balcony: All three bedrooms have access to a balcony and receive plenty of sunlight.
Location: Pudding Chare is a narrow, winding lane rich in history, dating back to the 14th century. Its central location provides residents with unparalleled access to Newcastle's vibrant city life. Within walking distance, you'll find an array of amenities, including shops, restaurants, bars, and cultural attractions. The property is also conveniently located close to Newcastle University Business School, other campuses, and the Eldon Square shopping mall. Additionally, it is next to Vita Student (Student Accommodation), making it an ideal location for students and professionals alike. Excellent transport links are nearby, with Newcastle Central Station just a short stroll away, offering easy connectivity to the wider region.
Investment Details:
Tenancy: The property is currently tenanted, providing a steady rental income.
Rental Yield: With a monthly rent of £1,554, this property offers strong rental returns.
HMO License: There is currently an HMO license allowing the property to be rented out as three bedrooms to three tenants (students/professionals).
Additional Information: Please note the Annual Service Charge includes an unlimited water bill of £554.56 within the total cost of £1,930.66.
This property represents a rare opportunity to acquire a tenanted apartment in a prime city centre location. Whether you're an investor seeking a property with immediate returns or a buyer looking for a future home in the heart of Newcastle, this apartment is worth serious consideration.
For further details or to arrange a viewing, please contact our office at your earliest convenience.
Agents Note: Pattinson have not inspected the property at this time.
Council Tax Band: D
Tenure: Leasehold
Length Of Lease: 101 years
Annual Ground Rent Amount: £50.00
Annual Service Charge Amount: £1,930.00
Brochures
Brochure- 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: D
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Pudding Chare, ., Newcastle upon Tyne, Tyne and Wear, NE1 1UD
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About Pattinson Estate Agents, West Road
158 West Road, Fenham, Newcastle Upon Tyne, NE4 9QB
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Visit our security centre to find out moreDisclaimer - Property reference 477348. 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 Pattinson Estate Agents, West Road. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, West Road on 0191 625 0804.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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