Foster Drive, Gateshead NE8 2 bed flat for sale

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Foster Drive, Gateshead NE8 2 bed flat for sale

Foster Drive, Gateshead, NE8
£86,000

Our Summary

  • Please see the Let Property Pack linked below for greater details on this property's investment potential
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment potential detailed below (Let Property Pack)

Description

This 2-bedroom flat in Gateshead is a fantastic investment opportunity, currently producing an annual gross income of £9,588 and with the potential to increase to £10,200 with long-term tenants already in place. The property is well-maintained and features two bedrooms, a lounge, a bathroom, and a kitchen. The current tenants have been living in the property for several years and have a good track record of paying their rent on time, and they intend to stay. The property is near valuable amenities and offers a great chance for investors to expand their portfolio. With a purchase price and potential rental income, this property has the potential to be a worthwhile addition to an investor's portfolio.