Richmond Road, South Shields NE34 2 bed flat for sale

>

Richmond Road, South Shields NE34 2 bed flat for sale

Richmond Road, South Shields NE34
£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 South Shields is a great investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, and bathroom, with a current annual gross income of £5,280. However, with some tweaks, the income could be increased to £7,500, making it a worthwhile addition to an investor's portfolio. The current tenants, who have been living in the property for several years, have a good payment history and do not intend to move out, providing a stable and secure income stream. The property is in close proximity to valuable amenities, making it an attractive option for both investors and tenants alike.