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3 bed flat
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Our Summary
- INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
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Description
This 3-bedroom flat in Newcastle Upon Tyne is an attractive investment opportunity for those looking to expand their portfolio. The property is well-maintained and features a lounge, kitchen, ensuite, and bathroom, and is currently generating an annual gross income of £10,200. With long-term tenants already in place, the new owner has the potential to increase the rental income to a market rate of £12,000.
The property has been well-maintained and has a reliable tenant base, making it a worthwhile addition to an investor's portfolio. With a tenant already situated, the new owner can benefit from a smooth transition and minimal disruption, making it an attractive option for those looking to add to their rental portfolio.