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3 bedroom flat for sale
Swinley Gardens, Newcastle Upon Tyne, NE15
£70,000
Swinley Gardens, Newcastle Upon Tyne, NE15
£70,000
Our Summary
- It is conveniently close to essential amenities, offers strong potential for rental returns, and has a tenant in residence
- 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 investor's property portfolio
- 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 3-bedroom flat in Newcastle Upon Tyne is an excellent investment opportunity, offering strong potential for rental returns. Currently generating an annual gross income of £6,900, the property has a tenant in residence who plans to continue their tenancy. The flat features three bedrooms, a lounge, kitchen, and three-piece bathroom, as well as private driveway parking and a private front garden. With a tenant already in place, investors can benefit from a smooth transition and minimal vacancy time. The property's potential for future rental income, combined with its purchase price, makes it a worthwhile addition to an investor's portfolio.