2 bedroom flat for sale

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2 bedroom flat for sale

Woodhorn Road, Ashington
£32,000

Our Summary

  • This two-bedroom leasehold property presents an excellent investment opportunity, with a tenant already in situ and a current rental income of £420 per calendar month
  • The property offers a strong potential rental yield of 14
  • Key Features:Investment Property - TenantedRental Value: £420pcm2 BedroomsLeasehold - 999 Years from the 7th June 1990Peppercorn Ground RentGas Central HeatingThis property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period

Description

This two-bedroom leasehold property is an attractive investment opportunity, with a tenant already in place and a current rental income of £420 per month, generating a strong potential rental yield of 14.40%. The property is located near local shops and schools, making it well-suited for long-term rental demand. With gas central heating providing efficient warmth, this property is a hassle-free investment ready to generate returns from day one. The existing tenant and established rental income make it an excellent option for investors looking to expand their portfolio, with the added benefit of a peppercorn ground rent and a lease that runs for 999 years from June 1990.
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