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
£125,000

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 is an excellent 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. With a private rear garden and on-street parking, the property offers strong potential for rental returns. The current tenants, who have been in residence for over 7 years, are committed to continuing their tenancy, providing a stable and reliable income stream. With a Let Property Pack available for further details, this property presents a worthwhile addition to any investor's portfolio.