Close, Newcastle upon Tyne NE1 2 bed flat for sale

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Close, Newcastle upon Tyne NE1 2 bed flat for sale

Close, Newcastle Upon Tyne, NE1
£155,000

Our Summary

  • 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 investors property portfolio
  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment potential detailed below (Let Property Pack)

Description

This 2-bedroom flat in Newcastle Upon Tyne is a great investment opportunity for those looking to expand their portfolio. The property is currently generating an annual gross income of £12,000 from a tenant who has been in place for several years and has a good payment history. The flat is well-maintained and features two bedrooms, a lounge, kitchen, ensuite, bathroom, and shared parking. With a purchase price that is likely to provide a worthwhile return on investment, this property is an attractive option for those looking to grow their rental income. The current tenants have no plans to move out, and the seller is committed to facilitating a smooth transaction process to ensure a seamless transfer of ownership.