Overview
Two-bedroom leasehold flat on Albert Road, Jarrow NE32. Fully tenanted at £627 pcm — 8.6% gross at the £87,500 asking price. Albert Road is one of Jarrow’s primary arterial routes with good access to the A19, Tyne Tunnel and South Tyneside employment hubs.
The Deal
At £87,500 this is mortgageable by most BTL lenders on standard terms. The 8.6% yield clears typical lender stress tests at 5.5% pay rate / 145% ICR. Jarrow benefits from improving transport links and is undersupplied on rental stock relative to demand. Tenant in place — rent landing in month one.
Key Numbers
Asking Price: £87,500 | Rent: £627 pcm | Gross Yield: 8.6% | Tenure: Leasehold | Bedrooms: 2 | Status: Tenanted
Investment Pack
Pack includes the AST, leasehold details, EPC, and a leveraged return model at current BTL rates with stress-test workings. Sent same-day on request.