>
Fairney Edge, Ponteland NE20 1 bed flat for sale
Fairney Edge, Ponteland NE20
£106,000
Fairney Edge, Ponteland NE20
£106,000
Our Summary
- This one-bedroom flat in Newcastle Upon Tyne offers a prime investment opportunity
- The property currently generates an annual gross income of £6,000, which has the potential to be increased to a market rate of £9,000 with the current tenants in place
- For further details on the property’s investment potential, please refer to the attached Let Property Pack
- INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
- Investment potential detailed below (Let Property Pack)
Description
This one-bedroom flat in Newcastle Upon Tyne offers a prime investment opportunity, with a current tenant and valuable amenities in close proximity, promising rewarding rental returns. The well-maintained property features a single bedroom, lounge, bathroom, and modern kitchen, as well as a driveway and front garden. Currently generating an annual gross income of £6,000, the property has the potential to increase to a market rate of £9,000 with the current tenants in place, making it a substantial opportunity for investors seeking to expand their portfolio. With the tenants committed to remaining in the property, the current landlord can rest assured of a smooth transition and continued rental income.