2 bed flat

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2 bed flat

Combe Drive, Newcastle Upon Tyne NE15
£90,000

Our Summary

  • Currently tenanted at £550pcm with potential to increase to £615pcm, this property represents an excellent investment with scope for growth
  • Tenancy in Place: Already generating income at £550pcm, with potential to grow rental yield
  • Strong Capital Value: Current market value estimated at £85-90k, offering great affordability and potential capital appreciation

Description

This exceptional ground-floor 2-bedroom flat offers a fantastic opportunity for investors seeking solid rental returns. The property is currently tenanted at £550pcm, with potential to increase to £615pcm, making it an excellent investment with scope for growth. The flat boasts a spacious layout, with a generous lounge diner, two well-proportioned bedrooms, and a functional kitchen and bathroom. Its ground-floor location and modern amenities make it appealing to a broad tenant base. With a current market value estimated at £85-90k, the property offers great affordability and potential capital appreciation. Additionally, the leasehold benefits, including 125 years remaining with no service charge or ground rent, minimize ownership costs. With all legal and compliance certificates up to date, this property is a hassle-free purchase for investors looking to expand their portfolio or enter the buy-to-let market.
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