Ryedale, Wallsend NE28 1 bed flat for sale

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Ryedale, Wallsend NE28 1 bed flat for sale

Ryedale, Wallsend NE28
£43,000

Our Summary

  • Please see the Let Property Pack linked below for greater details on this property's investment potential

Description

This 1-bedroom flat in Wallsend is an attractive investment opportunity for those looking to expand their portfolio. The property is well-maintained and features a bathroom, kitchen, and 1 bedroom, and is currently generating an annual gross income of £5,700. With the potential to increase the rent to £6,000 with long-term tenants already in place, this property offers a worthwhile addition to an investor's portfolio. The current tenants, who have been in the property for several years, have consistently paid their rent and do not intend to move out, providing a stable and predictable income stream. With a Let Property Pack available for further details, this is a fantastic opportunity for investors to capitalize on a rewarding rental return.
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