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
£110,000

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 currently producing an annual gross income of £11,400, with the potential to increase to £12,000 with long-term tenants already in situ. The tenants, who have been in the property for several years, are committed to remaining in the property, providing a stable and predictable income stream for the new owner. With its proximity to valuable amenities and the potential for increased rental returns, this property is a worthwhile addition to any investor's portfolio.