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Mendip Gardens, Gateshead NE11 2 bed flat for sale
Mendip Gardens, Gateshead, Tyne And Wear, NE11
£60,000
Mendip Gardens, Gateshead, Tyne And Wear, NE11
£60,000
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)
Description
This 2-bedroom flat in Lobley Hill is a lucrative investment opportunity for those looking to expand their portfolio. The property is well-kept and features a spacious lounge, modern kitchen, and two bedrooms. Currently, it generates an annual gross income of £6600, which could be increased to £9708 with long-term tenants already in place. The tenants have been consistently paying rent for several years and have no intention of moving out, making it a stable and reliable investment. With a purchase price that allows for a worthwhile addition to an investor's portfolio, this property is a fantastic opportunity for those looking to grow their rental income.