Ryedale, Wallsend NE28 1 bed flat for sale

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Ryedale, Wallsend NE28 1 bed flat for sale

Ryedale, Wallsend NE28
£35,000

Our Summary

  • Please see the Let Property Pack linked below for greater details on this property's investment potential
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Description

This 1-bedroom flat in Wallsend is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a bedroom, bathroom, and kitchen, and is currently generating an annual gross income of £5,700, with the potential to increase to £6,000 with long-term tenants already in place. The tenants, who have been living in the property for several years, have a good payment history and intend to stay, making it a stable and rewarding investment. With a competitive purchase price, this property has the potential to be a worthwhile addition to any investor's portfolio.