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Brinkburn Street, Wallsend, Tyne and... 2 bed apartment for sale
Brinkburn Street, Wallsend, Tyne and Wear, NE28
£45,000
Brinkburn Street, Wallsend, Tyne and Wear, NE28
£45,000
Our Summary
- *** cash buyers only ***
- Currently in need of refurbishment, this project could deliver an impressive 12% gross rental yield upon completion, making it an attractive proposition for those seeking a lucrative investment project
- The property's layout includes a spacious lounge, compact kitchen awaiting modernization, two well-proportioned bedrooms, and a bathroom ripe for renovation
- The private rear yard measuring approximately 23'0" x 19'8" offers excellent outdoor space and further potential to create an attractive garden area that would appeal to future tenants
- This property represents a blank canvas for investors to transform into a profitable rental property
- With the potential for a substantial 12% rental yield following refurbishment, we strongly recommend early viewing to appreciate the opportunity this property presents
- Investment Opportunity
Description
This two-bedroom property on Brinkburn Street, Wallsend is a project waiting to be transformed into a lucrative rental property. The property needs refurbishment, but with some TLC, it has the potential to deliver a 12% gross rental yield, making it an attractive proposition for cash buyers. The property features a spacious lounge, compact kitchen, two bedrooms, and a bathroom, as well as a private rear yard that could be developed into a charming outdoor space. Located in Wallsend, the property is close to local amenities, including shops, schools, and leisure facilities, and is within easy reach of Newcastle city center. With its potential for renovation and rental income, this property is an excellent opportunity for investors to add value and generate a strong return on investment.