Duke Street, North Shields NE29 2 bed flat for sale

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Duke Street, North Shields NE29 2 bed flat for sale

Duke Street, North Shields, NE29
£97,000

Our Summary

  • Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio
  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment potential detailed below (Let Property Pack)

Description

This 2-bedroom flat in North Shields is a fantastic investment opportunity for those looking to expand their portfolio. The property is currently generating an annual gross income of £9,000 with a tenant already in situ, and has the potential to earn even more in future years. The well-kept home features 2 bedrooms, lounge, bathroom, and kitchen, and has been well-maintained by the current tenant who has been living there for several years and has consistently paid their rent. With a tenant already in place, the buyer can expect a smooth transition and minimal vacancy time. Overall, this property offers a worthwhile addition to an investor's portfolio, with a strong potential for rental returns and a secure income stream.