2 bedroom flat for sale

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2 bedroom flat for sale

Benfield Road, Newcastle Upon Tyne, NE6
£120,000

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)
  • Investment potential detailed below (Let Property Pack)

Description

This 2-bedroom flat in Newcastle Upon Tyne is a fantastic investment opportunity for those looking to expand their portfolio. Located close to essential amenities, the property offers strong potential for rental returns, with a current annual gross income of £9,000 from a tenant in residence. The property itself features two bedrooms, a dining room, kitchen, and three-piece bathroom, as well as private front and rear gardens and communal parking. The current tenants, who have been in the property for less than a year, have consistently paid their rent on time and wish to continue their tenancy, providing a smooth transition for the new buyer. With its strong rental income and potential for future growth, this property is a worthwhile addition to any investor's portfolio.