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3 bed flat
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Our Summary
- INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
- Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio
- For greater detail on this property's investment potential, please see the Let Property Pack linked below
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Description
This 3-bedroom flat in Newcastle Upon Tyne is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features three comfortable bedrooms, a modern bathroom, spacious living room, and private underground parking. Currently, it generates an annual gross income of £16,800 with tenants already in situ, and with its potential for future rental income, it's a worthwhile addition to an investor's portfolio.
The current tenants have been long-term residents and have consistently paid their rent, with no intention of moving out. The seller is committed to a smooth transaction process, making this a great chance for investors to secure a lucrative property with a stable tenant in place.