2 bedroom flat for sale

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2 bedroom flat for sale

Ovett Gardens, Gateshead, E8
£85,000

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 2-bedroom flat in Gateshead is an attractive investment opportunity for those looking to expand their portfolio. The property is currently generating an annual gross income of £9,000, which could be increased to £9,264 with the new owner's efforts. The property is well-maintained and features 2 bedrooms, a lounge, kitchen, and bathroom. A long-term tenant is already in place, having lived in the property for several years and consistently paying rent. The current tenant has no plans to move out, making this a low-risk investment. With a purchase price that allows for worthwhile returns, this property has the potential to be a valuable addition to an investor's portfolio.