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2 bedroom flat for sale
May Close, Hebburn, NE31
£78,000
May Close, Hebburn, NE31
£78,000
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 2-bedroom mid-terrace house in Hebburn is an excellent investment opportunity for those looking to expand their portfolio. The property is well-maintained and features two bedrooms, an ensuite, a separate bathroom, a lounge, and a kitchen. Currently, it generates an annual gross income of £6,900, but with long-term tenants already in place, the new owner could increase the rental income to £8,388. The property's purchase price and rental potential make it a worthwhile addition to an investor's portfolio. The current tenants have been living in the property for several years and have consistently paid their rent, with no intention to move out, ensuring a smooth transition for the new owner.