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Melbourne Street, Newcastle upon Tyne... 3 bed flat for sale
Melbourne Street, Newcastle upon Tyne NE1
£195,000
Melbourne Street, Newcastle upon Tyne NE1
£195,000
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 3-bedroom flat in Newcastle Upon Tyne is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a modern bathroom, spacious living room, and private underground parking. Currently, it generates an annual gross income of £16,800 with tenants already situated, and considering the purchase price and potential rental income, it's a worthwhile addition to an investor's portfolio. The current tenants have lived in the property for several years and have consistently paid their rent, with no intention to move out, making for a smooth transaction process.