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Brunton Lane, Newcastle upon Tyne NE3 2 bed flat for sale
Brunton Lane, Newcastle upon Tyne NE3
£137,000
Brunton Lane, Newcastle upon Tyne NE3
£137,000
Our Summary
- This two-bedroom flat in Newcastle Upon Tyne offers a prime investment opportunity
- The property currently generates an annual gross income of £10,200 which has the potential to be increased to a market rate of £12,000 with the current tenants in place
- For further details on the property’s investment potential, please refer to the attached Let Property Pack
- INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
- Investment potential detailed below (Let Property Pack)
Description
This two-bedroom flat in Newcastle Upon Tyne offers a prime investment opportunity, boasting valuable amenities in close proximity and a current tenant. The well-maintained property features two bedrooms, a spacious lounge, a three-piece and ensuite bathroom, a modern kitchen, and a balcony with an allocated parking space. The property currently generates an annual gross income of £10,200, with the potential to increase to £12,000 with the current tenants in place, making it a substantial opportunity for investors seeking to expand their portfolio. The current tenants have consistently paid their rent and have no intention of relocating, committing to remain in the property.