Grosvenor Road, Newcastle upon Tyne NE2 2 bed flat for sale

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Grosvenor Road, Newcastle upon Tyne NE2 2 bed flat for sale

Grosvenor Road, Newcastle Upon Tyne, NE2
£180,000

Our Summary

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

Description

This 2-bedroom flat in Newcastle Upon Tyne is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, bathroom, front garden space, and street parking. Currently, it produces an annual gross income of £20,400 with a tenant already in situ, and its potential rental income in future years makes it a worthwhile addition to an investor's portfolio. The current tenants, who have lived in the property for several years, have consistently paid their rent and do not intend to move out, ensuring a smooth transition for the buyer. With a Let Property Pack available for further details, this property is an excellent choice for investors seeking a reliable and profitable investment.