2 bedroom apartment for sale

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2 bedroom apartment for sale

Park Avenue, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3
£55,000

Price History

Initial price £70,000
04/02/25 £55,000
Price Change -21.43%

Description

This two-bedroom flat is a purpose-built ground floor property situated near Wansbeck Road Metro Station and Gosforth amenities. Currently rented out at £515 per calendar month, it generates a gross yield of 11.2% (projected open-market rent £625pcm / projected gross yield 13.6%). The flat features a private entrance hall, living room/dining room, kitchen, two double bedrooms, and a shower room, all equipped with double glazing and electric heating. With a council tax band of A, this property offers a solid investment opportunity or a great place to live.