Cheapest flat in Newcastle has gone on sale for £32,000

Perfect for Magpies fans (Picture: NNP)

A flat in Newcastle is on the market for an incredible £32,000.

A two-bedroom property, it is located in Cowgate on the outskirts of the city and is situated at the end of a lovely quiet street that overlooks a huge green space. 

Even better, it is just a two-mile walk from the iconic St James’ Park, home of Newcastle United, making it an ideal property for any Magpies fan. 

The property even has its own club crest in stained glass on the front door.

In the apartment there is an entrance hall, lounge, kitchen, bathroom and two decent-sized bedrooms.

Outside there are convenient transport links to the city centre and it is close to Metro routes for easy access to the entire North East region.

Located beside a big green area (Picture: North News & Pictures Ltd)
It comes with a fitted kitchen with good space (Picture: North News & Pictures Ltd)

Scenic views of Newcastle United Golf Club are an added bonus. 

Its fantastic price is in stark contrast to Newcastle’s most expensive property, which comes in at an astounding £2.8million. 

This building is a block of seven flats that hold 34 bedrooms in the exclusive area of Jesmond, which is popular with students.

The property in Jesmond worth £2.8 million (Picture: North News & Pictures Ltd)

It is pre-let for up until the end of the 2023 academic year, with an annual rent of £170,352pa as of September. Up until then it had a yearly yield of £166,610.

The advert reads: ‘Jesmond continues to be the top location for many students studying in Newcastle thanks to its enviable reputation for offering the perfect mix of lifestyle, convenience and access to the city centre and its universities.’

Right now, the average price of a property in Newcastle is £224K, while in London it is £681K.

According to Zoopla, prices in the capital have decreased over the past year but they have risen in the North East city.

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