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3 bed terraced house
Springwell Drive, Morpeth NE61
£68,000
Springwell Drive, Morpeth NE61
£68,000
Our Summary
- For greater detail on this property's investment potential, please see the Let Property Pack linked below
- Investment potential detailed below (Let Property Pack)
Description
This 3-bedroom terrace house in Morpeth is a fantastic investment opportunity for those looking to expand their portfolio. The well-maintained property features a spacious lounge, kitchen, and three bedrooms, as well as a three-piece bathroom and front garden space. Currently producing an annual gross income of £5,700, the property has the potential to increase to a market rate of £7,500 with a new owner. The current tenants, who have consistently paid their rent, are looking to remain in the property, making for a smooth transition. With a valuable location and rewarding rental returns, this property is an excellent addition to any investor's portfolio.