2 bedroom flat for sale

Prime Property Auctions is excited to bring to market this stunning 2 bedroom flat located within a prime location in Newcastle * Guide price £180,000 **1, Craghall Dene, Newcastle Upon Tyne, Tyne And Wear, NE3 1QQ Previously sold for £205,634. 8, High Laws, Newcastle Upon Tyne, Tyne And Wear, NE3 1RQ Previously sold for £440,000. 3 Craghall Dene Avenue, Newcastle Upon Tyne, Tyne And Wear, Previously sold for £315,000*Property is being offered at a substantial discount. Fantastic Capital growth potential. Sure to appeal to homeowners looking for a fantastic new home or shrewd investors looking for an easily lettable property in a sought after location.For rental purposes, the property could attract a monthly rent of £1000 - £1200 p/m  ( £12,000 - £14,400 p/a ) which would provide an excellent 9-10% gross yield based on a guide price of £180,000. Property could potentially be used Serviced accommodation, subject to necessary permissions, with comparable properties in the area achieving upwards of £70 per night- *GREAT YIELD POTENTIAL*Property is located near a whole host of local amenities including schools, coffee shops, bars and restaurants, with public transport nearby for easy access into the city centre - *PRIME LOCATION* 

Prime Property Auctions NEW ENTRY. Excellent 2 Bed Flat located in a sought after area in Newcastle Upon Tyne.



Property comprises: Entrance hallway, living room, kitchen, dining area, 2 large double bedrooms, bathroom. Property benefits from gas central heating, double glazing and ample storage throughout.



Fantastic property ready to let/occupy, ideal for a family looking to move into a large spacious property in an up and coming area, close to schools and local amenities. 



Property is being offered at a substantial discount - *GUIDE PRICE £180,000*



Prime Opportunity for Property investors looking for a property in an excellent location. Property IS in fantastic condition and is ready to let. Fantastic Capital growth potential. Sure to appeal to investors looking for Rare auction property. 



 



Local sales evidence:



*1, Craghall Dene, Newcastle Upon Tyne, Tyne And Wear, NE3 1QQ Previously sold for £205,634. 8, High Laws, Newcastle Upon Tyne, Tyne And Wear, NE3 1RQ Previously sold for £440,000. 3 Craghall Dene Avenue, Newcastle Upon Tyne, Tyne And Wear, Previously sold for £315,000*



This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.



This property is offered at a fantastic price to ensure an Auction sale.



The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.



 



Location:



Newcastle upon Tyne, often referred to simply as Newcastle, is a vibrant city in northeast England known for its rich history, stunning architecture, and thriving cultural scene. People are drawn to live here for its affordable cost of living compared to other major UK cities, excellent educational institutions such as Newcastle University, and diverse employment opportunities spanning sectors like technology, healthcare, and finance. The city's strong sense of community, lively nightlife, and beautiful landscapes along the River Tyne also contribute to its appeal. Furthermore, investors are attracted to Newcastle due to its promising property market, burgeoning tech sector, and strategic location with easy access to transportation networks, making it a prime destination for both residential and commercial investments.