3 bedroom semi-detached house for sale

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3 bedroom semi-detached house for sale

39-41 Ramsay Street, High Spen, Rowlands Gill, Tyne and Wear NE39 2EJ
£38,000

Our Summary

  • Auction Commencing on Monday 17th November at 1pm and ending 24 hours later on Tuesday 18th November at 1pm with Auction House North East Please register to bid via our website - auctionhouse
  • A fantastic investment property, offering dual income generating potential, having a commercial unit with a rental potential of £5000 per year and a very large well appointed three bedroom home with a rental value of around £9000 per year, a total of £14,000

Description

This property is a fantastic investment opportunity, offering dual income generating potential. The property features a commercial unit with a rental potential of £5,000 per year and a large, well-appointed three-bedroom home with a rental value of around £9,000 per year, totaling £14,000. The property also offers an option to title split to maximize resale potential, and the commercial unit could be converted into a residential property subject to obtaining necessary consents. Externally, an enclosed courtyard provides parking and a storage unit with potential for letting or conversion, offering even more income possibilities. The property is perfect for operating a business while living on site, with multiple revenue streams and future development upside.