1 bed flat

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1 bed flat

Victoria Terrace, Bedlington NE22
£63,500

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)

Description

This 1-bedroom flat in Bedlington is an excellent investment opportunity for those looking to expand their portfolio. Located conveniently close to essential amenities, the property offers strong potential for rental returns, with a current annual gross income of £5,400 and a tenant in residence. The property itself features one bedroom, a lounge, a kitchen, and a three-piece bathroom, as well as on-street parking. The current tenants have been paying their rent on time for several years and wish to continue their tenancy, providing a smooth transition for the buyer. With its potential for future rental income and a worthwhile addition to an investor's portfolio, this property is a fantastic opportunity for those looking to invest in the Bedlington area.