Collingwood Street, South Shields NE33 2 bed flat for sale

>

Collingwood Street, South Shields NE33 2 bed flat for sale

Collingwood Street, South Shields NE33
£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 South Shields is a lucrative investment opportunity, currently generating an annual gross income of £4,800 and offering potential for increase to £6,924 with long-term tenants already in place. The property is well-maintained and features two bedrooms, a triple-fixture bathroom, a lounge, a kitchen, and on-street parking. With a purchase price that will yield a worthwhile return, this flat is an attractive addition to any investor's portfolio. The current tenant is situated, and the vendor is committed to facilitating a smooth transaction process.