Stephenson Street, North Shields NE30 2 bed flat for sale

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Stephenson Street, North Shields NE30 2 bed flat for sale

Stephenson Street, North Shields, Tyne & Wear, NE30
£63,500

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 North Shields is a great investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, and two bedrooms, and is currently generating an annual gross income of £7,800 from long-term tenants. With a market rate of £8,784, the new owner has the potential to increase the rental returns. The current tenants have been in the property for several years and have a good track record of paying their rent on time, with no intention of moving out. The property is close to valuable amenities and offers a rewarding rental return, making it an attractive addition to any investor's portfolio.