>
2 bedroom bungalow for sale
North Leas Drive, Bridlington, East Riding Of Yorkshire, YO16
£165,000
North Leas Drive, Bridlington, East Riding Of Yorkshire, YO16
£165,000
Our Summary
- 8% With scope for gradual rent increases in line with market trends, this property offers solid returns and capital growth potential
- 9 North Leas Drive is a turnkey investment opportunity with an established income stream, low maintenance costs and strong tenant demand
- Investors gain both immediate rental returns and the potential for capital growth in a rising coastal market
Description
This attractive two-bedroom semi-detached bungalow in Bridlington offers a ready-made investment with excellent returns. The property boasts a freehold tenure, immediate income stream of £800 per month, and an established tenant in situ, ensuring no void period upon purchase. With a low-maintenance design, the property keeps ongoing costs to a minimum. Situated in a peaceful, well-connected part of town, the property is close to the seafront, town centre, and local amenities, making it an attractive option for long-term rentals. The property's prime location, combined with its modern interiors and versatile layout, provides a solid foundation for a profitable investment, with a gross yield of approximately 5.8%. With scope for gradual rent increases, this property offers both immediate rental returns and potential for capital growth in a rising coastal market.