Mendip Gardens, Gateshead NE11 2 bed flat for sale

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Mendip Gardens, Gateshead NE11 2 bed flat for sale

Mendip Gardens, Gateshead, Tyne And Wear, NE11
£68,000

Our Summary

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

Description

This 2-bedroom flat in Lobley Hill is a fantastic investment opportunity, offering a current annual gross income of £6600 and potential to increase to £9708 with new tenants. The property is well-maintained and features a spacious lounge, modern kitchen, and two bedrooms. With a tenant already in situ, there is minimal risk and a smooth transition to the new owner. The current tenants have a long-standing tenancy and have consistently paid their rent, making this a worthwhile addition to an investor's portfolio. With the potential for increased rental returns and a reliable tenant, this property is an attractive option for those looking to expand their property portfolio.