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3 bedroom semi-detached house for sale
Rowan Place, Newcastle ST5
£101,000
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.