2 bed flat

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2 bed flat

Vindolanda, Wallsend NE28
£56,500

Our Summary

  • Currently under a government-backed lease, this property provides an excellent, low-cost, long-term investment opportunity

Description

Nepi is pleased to offer a 2-bedroom ground floor flat in Wallsend, North Tyneside, which presents a fantastic investment opportunity. The property is leasehold with 110 years remaining on the lease and a quarterly service charge of £33. The rental income produces £615.84 per month, or £7,390 per year, gross. The property features two bedrooms, a lounge, kitchen, and bathroom, and benefits from gas central heating and double-glazed windows. Additionally, there is a buyer's premium of £2,000 plus VAT.