Jefferson Place

Property Overview

This well-proportioned two-bedroom first-floor flat presents an excellent opportunity for both investors and owner-occupiers. Situated in a popular and well-connected area of West Newcastle, the property offers comfortable living space with strong rental demand and future growth potential.

The accommodation briefly comprises:

• A bright and spacious living room, ideal for relaxing or entertaining
• Two well-sized bedrooms, suitable for sharers, couples or small families
• A functional fitted kitchen with ample storage and workspace
• A bathroom with modern fittings
• Practical layout with good natural light throughout

The property benefits from a solid construction, manageable running costs and an EPC rating of C (75), making it efficient and appealing to tenants.

Investment Highlights

• Asking price: £91,000
• Current rental income: £490 pcm (£5,880 per annum)
• Current gross yield: approx. 5.9%
• Potential rental income: £675 pcm (£8,100 per annum)
• Potential gross yield: approx. 8.37%

With scope to increase rent to market level, this property offers an attractive opportunity to enhance returns through light refurbishment or re-letting.

The 123-year lease provides long-term security for investors and mortgage lenders, and the flat type remains in high demand within the NE4 postcode.

Why It’s a Great Place to Live

Jefferson Place is located just over a mile from Newcastle City Centre, making it ideal for commuters, professionals and students. The area benefits from:

• Excellent bus and transport links into the city centre and surrounding areas
• Close proximity to local shops, supermarkets, cafes and services
• Easy access to universities, hospitals and major employers
• Nearby parks and green spaces, including Leazes Park

The neighbourhood is vibrant and diverse, offering a strong sense of community while maintaining the convenience of city living.

Summary

39 Jefferson Place is a well-located, affordable two-bedroom flat offering:

• Strong current and potential rental yields
• Long lease length (123 years)
• EPC C rating for energy efficiency
• High tenant demand location
• Excellent value at £91,000

An ideal purchase for buy-to-let investors, first-time buyers, or those seeking a low-maintenance property with long-term potential.

LET PURE INVESTOR TAKE THE STRAIN AWAY …..

• Fully managed lettings and property management service
• Comprehensive coverage throughout England and Wales
• One team, one fee across your full portfolio
• Rental income protection available
• Transfer your existing properties quickly and easily

If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: 0161 337 3890 to find out more

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