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North Road, Wallsend, Tyne and Wear... 5 bed end of terrace house for sale
North Road, Wallsend, Tyne and Wear, NE28 8RJ
£160,000
North Road, Wallsend, Tyne and Wear, NE28 8RJ
£160,000
Our Summary
- To Be Sold Via Online Auction, Fees Apply
- Excellent Investment Opportunity – Five Bedroom House with Strong Rental YieldWe are delighted to present this superb investment opportunity to purchase a spacious five bedroom property, currently operating as a successful HMO (House in Multiple Occupation)
- Four of the rooms are already tenanted, generating a fantastic rental income of £24,000 per annum, with scope to increase earnings by letting the remaining room
- Key Features:•Five bedroom property – four rooms already tenanted•Annual rental income of £24,000 with scope to increase•2 Year Old Boiler•Sought-after location with excellent transport links•Perfect turnkey investment with immediate returnsCouncil Tax Band: BTenure: Freehold
- To Be Sold Via Online Auction
Description
This five-bedroom property is being sold via online auction and offers an excellent investment opportunity with a strong rental yield. The property is currently operating as a successful HMO, with four of the rooms already tenanted, generating an annual rental income of £24,000. The remaining room has scope to increase earnings, making it an ideal addition to any landlord's portfolio. The property is located in a convenient area with excellent transport links and local amenities, ensuring minimal vacancy periods. With a 2-year-old boiler and a sought-after location, this property is a perfect turnkey investment with immediate returns.