Grove Park Oval, Newcastle Upon Tyne NE3 1 bed flat for sale

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Grove Park Oval, Newcastle Upon Tyne NE3 1 bed flat for sale

Grove Park Oval, Newcastle Upon Tyne NE3
£175,000

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)

Description

This 1-bedroom flat in Newcastle Upon Tyne is a lucrative investment opportunity, generating an annual gross income of £11,940 from a tenant who has been in residence for several years and has consistently paid rent. The property is well-maintained and features a lounge, kitchen, bathroom, and shared parking. With its proximity to amenities and potential for future rental income, this flat presents a worthwhile addition to an investor's portfolio. The current tenants have no intention of moving out, and the seller is committed to facilitating a smooth transaction process to ensure a seamless sale.