2 bedroom flat for sale

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2 bedroom flat for sale

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 is a fantastic opportunity for investors seeking solid rental returns. With a spacious layout, modern bedrooms, and a functional kitchen and bathroom, the property boasts a well-utilized 49 sqm of internal space. Already generating income at £550pcm, the property has potential to grow rental yield, and with 125 years remaining on the lease, ownership costs are minimized. Situated in a desirable location, the property offers exceptional value and returns, making it an investor's dream. With its attractive price point and excellent rental prospects, it's unlikely to be on the market for long, so investors are advised to act fast to secure this fantastic opportunity.
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