Ovett Gardens, Gateshead NE8 2 bed flat for sale

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Ovett Gardens, Gateshead NE8 2 bed flat for sale

Ovett Gardens, Gateshead, E8
£90,000

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 2-bedroom flat in Gateshead is a fantastic investment opportunity for those looking to expand their portfolio. The property is located near valuable amenities, has a current tenant in situ, and is producing an annual gross income of £9,000, which could be increased to £9,264 with a new owner. The property is well-maintained and features 2 bedrooms, a lounge, kitchen, and bathroom. The current tenants have been long-term residents, paying rent consistently for several years, and have no intention of moving out. With a purchase price that offers a worthwhile return on investment, this property is an attractive addition to any portfolio.