Carville Gardens

Property Overview

We are pleased to present this two-bedroom mid-terraced property located in a well-established residential area of Wallsend. The property is being sold with long-term tenants in situ, offering investors immediate rental income from completion.

The property is in similar condition to comparable homes that have recently sold in the area at the same price point, demonstrating fair market positioning and strong local demand.

• Two-bedroom mid-terrace
• Long-term tenants in place
• Sold with tenants in situ
• Current rent: £450 PCM
• Tenant on rolling contract
• EPC Rating: D
• Strong rental growth potential

Investment Highlights

Immediate Income-Producing Asset

The property currently generates £450 per calendar month (£5,400 per annum) and has done so consistently for several years, providing stable and reliable income.

Rental Growth Opportunity

The current market rental value for similar properties in the area is approximately £700 PCM (£8,400 per annum), presenting a clear opportunity for income uplift in line with market conditions.

Financial Breakdown

At Asking Price: £95,000

Current Rental Income (£450 PCM)

• Annual Rent: £5,400
• Gross Yield: 5.68%

Market Rental Income (£700 PCM)

• Annual Rent: £8,400
• Potential Gross Yield: 8.84%

Buy-to-Let Scenario (25% Deposit, 5% Interest Rate)

Purchase Price: £95,000
25% Deposit: £23,750
Mortgage (75% LTV): £71,250
Interest Rate: 5% (Interest-Only Assumed)
Annual Mortgage Interest: £3,562.50

Based on Current Rent (£450 PCM)

• Annual Rent: £5,400
• Annual Mortgage Interest: £3,562.50
• Annual Pre-Tax Cash Flow (before costs): £1,837.50
• Return on Cash Invested (£23,750): 7.74%

Based on Market Rent (£700 PCM)

• Annual Rent: £8,400
• Annual Mortgage Interest: £3,562.50
• Annual Pre-Tax Cash Flow (before costs): £4,837.50
• Return on Cash Invested (£23,750): 20.37%

Location

Wallsend is a well-established rental location in the North East, benefiting from strong tenant demand, good transport links and proximity to Newcastle City Centre. The area remains popular with long-term renters, supporting stable occupancy levels.

Summary

This property presents a ready-made investment opportunity with:

• Immediate income from day one
• Long-term tenants already in place
• Strong potential for rental uplift
• Attractive leveraged returns
• Sensibly priced in line with comparable local sales

An ideal addition to any investor’s portfolio seeking both stability and future growth potential.

LET PURE INVESTOR TAKE THE STRAIN AWAY …

We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide a fully managed service for landlords looking to minimise costs and maximise efficiency.

• 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 discover how much we could save you each month, please contact our team on Tel: 0161 337 3890