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
£137,000

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)
  • Investment potential detailed below (Let Property Pack)

Description

This 1-bedroom flat in Seaham is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, bathroom, and kitchen, and is currently generating an annual gross income of £5,040. With long-term tenants already in place, the new owner could increase the rental income to a market rate of £7,416. The current tenants have been in the property for several years and have a good payment history, making for a stable and worthwhile investment. With its proximity to valuable amenities and potential for increased rental returns, this property is a great addition to any portfolio.
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