Moorside Court, Newcastle upon Tyne NE5 3 bed flat for sale

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Moorside Court, Newcastle upon Tyne NE5 3 bed flat for sale

Moorside Court, Newcastle upon Tyne NE5
£68,000

Our Summary

  • It is conveniently close to essential amenities, offers strong potential for rental returns, and currently has a tenant in residence
  • 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 3-bedroom flat in Newcastle Upon Tyne is a fantastic investment opportunity, offering strong potential for rental returns. The property is currently tenanted and produces an annual gross income of £9,000, which could increase to £9,552 with new tenants. With a private balcony and on-street parking, the flat is well-maintained and features three bedrooms, a three-piece bathroom, a lounge, and a kitchen. The current tenants, who have lived in the property for less than a year, intend to remain in the property, making for a smooth transition for the new owner. With a worthwhile addition to an investor's portfolio, this property is a great opportunity for those looking to expand their property portfolio.