1 bedroom flat for sale

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1 bedroom flat for sale

Ryedale, Wallsend, NE28
£37,000

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)

Description

This 1-bedroom flat in Wallsend is an attractive investment opportunity, with a current tenant in place and a strong rental income of £5,700 per annum. The property is well-maintained and has a bathroom and kitchen, offering a solid foundation for long-term returns. The current tenants have been in the property for several years and have consistently paid their rent, with no intention to move out, providing a stable income stream. With the potential to increase the rent to a market rate of £6,000, this property presents a worthwhile addition to an investor's portfolio.