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1 bed flat
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Our Summary
- INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
- Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio
- For greater detail on this property's investment potential, please see the Let Property Pack linked below
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Description
This 1-bedroom flat in Newcastle Upon Tyne is an attractive investment opportunity, with a current tenant in situ and generating an annual gross income of £11,940. The property is well-maintained and features a lounge, kitchen, bathroom, and shared parking. With a tenant already in place, the buyer can expect a steady stream of rental income, making it a worthwhile addition to an investment portfolio.
The current tenants have been long-term residents, paying their rent consistently, and have no plans to move out, providing a stable and predictable income stream. The property offers a great balance of rental returns and potential for future growth, making it an attractive option for investors.