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Brunton Lane, Newcastle upon Tyne NE3 2 bed flat for sale
Brunton Lane, Newcastle Upon Tyne NE3
£150,000
Brunton Lane, Newcastle Upon Tyne NE3
£150,000
Our Summary
- This two-bedroom flat in Newcastle Upon Tyne offers a prime investment opportunity
- The property currently generates an annual gross income of £10,200 which has the potential to be increased to a market rate of £12,000 with the current tenants in place
- For further details on the property’s investment potential, please refer to the attached Let Property Pack
- INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
- Investment potential detailed below (Let Property Pack)
Description
This two-bedroom flat in Newcastle Upon Tyne offers a lucrative investment opportunity, with a current tenant in place and a strong potential for increased rental returns. The well-maintained property features a spacious lounge, three-piece and ensuite bathroom, modern kitchen, balcony, and allocated parking space. The current annual gross income of £10,200 has the potential to be increased to £12,000, making it an attractive opportunity for investors looking to expand their portfolio. The current tenants have consistently paid their rent and have no intention of relocating, ensuring a stable and secure investment.