Richmond Road, South Shields NE34 2 bed flat for sale

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Richmond Road, South Shields NE34 2 bed flat for sale

Richmond Road, South Shields, NE34
£55,000

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 fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features 2 bedrooms, lounge, kitchen, and bathroom, and is currently generating an annual gross income of £5,280. With a market rate of £7,500, the new owner can increase the rental returns. The property has a long-term tenant currently situated, who has consistently paid rent for several years and has no intention of moving out. With a Let Property Pack available for further details, this is a worthwhile addition to any investor's portfolio, offering a smooth transaction process and potential for long-term returns.