Grafton Road, Whitley Bay NE26 2 bed flat for sale

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Grafton Road, Whitley Bay NE26 2 bed flat for sale

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)

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 a bright reception room, private garden, and convenient street parking. Currently, it produces an annual gross income of £7,800 with a tenant already in situ, and with its potential for future rental income, it could be a worthwhile addition to an investor's portfolio. The current tenants have been long-term residents and have consistently paid their rent, with no intention to move out. The property is available to purchase and Let Property is committed to facilitating a smooth transaction process between buyer and seller.