Coventry Way, Jarrow NE32 2 bed flat for sale

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Coventry Way, Jarrow NE32 2 bed flat for sale

Coventry Way, Jarrow, NE32
£65,000

Our Summary

  • 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 Jarrow is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features 2 bedrooms, lounge, kitchen, and bathroom, and is currently generating an annual gross income of £6,600. With long-term tenants already in place, the new owner can increase the rent to a market rate of £6,864, making it a worthwhile addition to an investor's portfolio. The current tenants have been paying rent consistently for several years and have no intention of moving out, ensuring a smooth transition for the new owner. With a Let Property Pack available for further details, this property offers a great chance for investors to generate rewarding rental returns.