Amen Corner, Newcastle upon Tyne NE1 1 bed flat for sale

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Amen Corner, Newcastle upon Tyne NE1 1 bed flat for sale

Amen Corner, Newcastle upon Tyne NE1
£107,500

Our Summary

  • 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 1-bedroom flat in Newcastle Upon Tyne offers a fantastic investment opportunity for those looking to expand their portfolio. The property is well-maintained and features one bedroom, a bathroom, and a kitchen. Currently, it generates an annual gross income of £11,400, which could be increased to £12,000 with long-term tenants already in place. The tenants, who have lived in the property for several years, have consistently paid their rent and do not intend to move out, providing a stable income stream for the new owner. With its desirable location and potential for increased rental returns, this property is a worthwhile addition to any investment portfolio.