2 bed terraced bungalow

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2 bed terraced bungalow

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 those looking to expand their portfolio. The property is conveniently located near essential amenities and has a tenant in residence, generating an annual gross income of £6,600. The current tenants have been renting the property for over 7 years and have consistently paid their rent on time, making it an attractive option for investors. The property itself features two bedrooms, a lounge, kitchen, and three-piece bathroom, as well as on-street parking and a private rear garden. With its strong potential for rental returns and the current tenant's commitment to continuing their tenancy, this property is a worthwhile addition to any investor's portfolio.