Blandford Place, Seaham SR7 1 bed flat for sale

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Blandford Place, Seaham SR7 1 bed flat for sale

Blandford Place, Seaham SR7
£133,000

Our Summary

  • Please see the Let Property Pack linked below for greater details on this property's investment potential
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Description

This 1-bedroom flat in Seaham is an excellent investment opportunity for those looking to expand their portfolio. The property is well-maintained and features a lounge, bathroom, kitchen, and one bedroom. Currently, it generates an annual gross income of £5,040, but with long-term tenants already in place, the new owner could increase the rent to a market rate of £7,416. The tenants, who have been living in the property for several years, intend to remain and have a good payment history. With a worthwhile return on investment, this property is a fantastic addition to any portfolio, and Let Property Sales is committed to facilitating a smooth transaction process.