2 bedroom flat for sale

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2 bedroom 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)
  • 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 growth to £6,924 with long-term tenants already in place. The well-maintained property features 2 bedrooms, a bathroom, lounge, kitchen, and on-street parking, making it an attractive addition to any investor's portfolio. With a current tenant situated, the new owner can benefit from a hassle-free transition and a steady income stream. The property is located near valuable amenities, providing a convenient living situation for tenants.