Mill Road, Gateshead NE8 1 bed flat for sale

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Mill Road, Gateshead NE8 1 bed flat for sale

Mill Road, Gateshead NE8
£110,000

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 1-bedroom flat in Gateshead offers a fantastic investment opportunity for those looking to expand their portfolio. The property is conveniently located near essential amenities and has a tenant in residence, currently generating an annual gross income of £9,780. The property features one bedroom, a lounge, a kitchen with a dedicated office area, and a three-piece bathroom, as well as communal private parking and a communal front garden. The current tenants have been residing in the property for a year and have consistently paid their rent on time, with no plans to move out. With its strong potential for rental returns and a tenant already in place, this property is a worthwhile addition to any investor's portfolio.