High Street East, Wallsend NE28 2 bed flat for sale

>

High Street East, Wallsend NE28 2 bed flat for sale

High Street East, Wallsend, NE28
£87,500

Our Summary

  • 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 investor's property portfolio
  • 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 Wallsend offers a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, bathroom, back garden space, and street parking. Currently, it produces an annual gross income of £8,340 with tenants already in situ, who have consistently paid their rent for several years and have no plans to move out. With a potential for future rental income and a rewarding return on investment, this property is a worthwhile addition to any portfolio. The current tenants have a long-standing tenancy and the property is ready to be passed on to a new owner, making it an attractive option for investors.