Amen Corner, Newcastle upon Tyne NE1 1 bed flat for sale

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Amen Corner, Newcastle upon Tyne NE1 1 bed flat for sale

Amen Corner, Newcastle Upon Tyne NE1
£108,000

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 1-bedroom flat in Newcastle Upon Tyne is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-maintained and features a bathroom, kitchen, and 1 bedroom. Currently, it generates an annual gross income of £11,400, which could be increased to £12,000 with long-term tenants already in place. The tenants, who have lived in the property for several years, have consistently paid their rent and intend to remain in the property. With a purchase price that will yield a worthwhile return, this property is a great addition to any investor's portfolio.