Lily Terrace, Newcastle upon Tyne NE5 2 bed terraced bungalow for sale

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Lily Terrace, Newcastle upon Tyne NE5 2 bed terraced bungalow for sale

Lily Terrace, Newcastle upon Tyne NE5
£116,000

Our Summary

  • It is conveniently close to essential amenities, offers strong potential for rental returns, and has a tenant in residence
  • 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 investor's property portfolio
  • Please see the Let Property Pack linked below for greater details on this property's investment potential
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Description

This 2-bedroom mid-terrace bungalow in Newcastle Upon Tyne offers a fantastic investment opportunity for investors looking to expand their portfolio. The property is conveniently located near essential amenities and currently generates an annual gross income of £6,600, with tenants already in residence. The tenants, who have been living in the property for over 7 years, plan to continue their tenancy, providing a stable and consistent rental income. The property also features a private rear garden and on-street parking, making it an attractive option for investors seeking a worthwhile addition to their portfolio. With a tenant in place, the property requires minimal upkeep, allowing investors to reap the benefits of their investment with minimal hassle.