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)

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 a lounge, kitchen, and bathroom, and is currently generating an annual gross income of £6,600. However, with a market rate of £6,864, there is potential for an increase in rental returns. The property has a long-term tenant already in situ, who has consistently paid rent for several years and has no plans to move out. With a worthwhile addition to an investor's portfolio, this property offers a rewarding rental return and a smooth transaction process facilitated by Let Property.