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2 bedroom flat for sale
Grafton Road, Whitley Bay, NE26
£140,000
Grafton Road, Whitley Bay, NE26
£140,000
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 Whitle Bay is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features 2 bedrooms, 1 bathroom, a bright reception room, a private garden, and convenient street parking. Currently, it produces an annual gross income of £7,800 with tenants already situated, and with a purchase price that considers the potential rental income, it would make a worthwhile addition to an investor's portfolio. The current tenants have been living in the property for several years and have consistently paid their rent, with no intention to move out, making for a smooth transition for the buyer.