3 bedroom semi-detached house for sale

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3 bedroom semi-detached house for sale

Rowan Place, Newcastle ST5
£101,000

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 3-bedroom semi-detached property in Newcastle is an excellent investment opportunity, generating an annual gross income of £7,500 with a tenant already in place. The property is well-maintained and features spacious rooms, a lounge, and kitchen. With a market rate potential of £8,400, the new owner can increase the rental income, making it a worthwhile addition to their portfolio. The current tenants, who have lived in the property for several years, have a strong track record of timely rent payments and have no intention of moving out, ensuring a smooth transition and minimal disruption to the sale process.