2 bedroom flat for sale

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2 bedroom flat for sale

Richmond Road, South Shields NE34
£59,500

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 South Shields is a great investment opportunity, offering a current annual gross income of £5,280 and the potential to increase this to £7,500 with long-term tenants already in place. The property is well-maintained and features 2 bedrooms, a lounge, kitchen, and bathroom. With a purchase price that could provide a worthwhile return, this property is ideal for investors looking to expand their portfolio. The current tenants have been in the property for several years and have consistently paid their rent, with no plans to move out, making for a smooth and hassle-free transition for the new owner.
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