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2 bedroom flat for sale
Investment Flat, Washington NE38
£64,000
Investment Flat, Washington NE38
£64,000
Our Summary
- Confirm existence & nature of any known planning or proposals for development
- Cash purchasers preferred
Description
This charming two-bedroom flat is a rare social housing investment opportunity, offering a guaranteed net rental income of £622 per month. The property has been recently renovated and features a modern kitchen, gas central heating, and two bedrooms. It is located in a popular residential area with easy access to local amenities, shops, schools, and public transport links. The property is leasehold, with 125 years remaining on the lease, and is currently leased to Mears from October 2023. The vendor is seeking a hands-off investor who is willing to purchase the property as is, without any renovations or improvements. The property is being offered under The OPA's "Secure It Now Exclusivity Package", which allows the buyer to secure the property with a non-refundable fee and has a standard 8-week exclusivity period to complete the purchase.