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Derwent Street, Portfolio of 6 Flats... 1 bed house for sale
Derwent Street, Portfolio of 6 Flats, Chopwell, Newcastle upon Tyne NE7
£119,000
Derwent Street, Portfolio of 6 Flats, Chopwell, Newcastle upon Tyne NE7
£119,000
Our Summary
- Excellent Investment Opportunity
- POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY
- The property requires some finishing works to the flats and communal areas
- The village of Chopwell offers several local amenities within walking distance, including convenience stores, takeaways, a post office, and local pubs Auction Details16 January 2025, 3pm Deadline for OffersHow to Bid Now Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY
- Future Property Auctions - Scotland's Largest Land and Property Auction House
Description
This prime investment property in Chopwell village offers a rare opportunity to purchase five one-bedroom flats and one two-bedroom flat, generating a realistic rental income of up to £31,200 per annum. The property requires some finishing works to the flats and communal areas, but each flat comes with new kitchens and bathrooms, and most have washing machines and ovens already installed. With high tenant demand in the area, this is a potentially high-yielding investment opportunity for investors. The property is well-located, close to the town of Blaydon and its amenities, and is available for purchase through an auction on January 16, 2025, with a deadline for offers at 3pm.