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1 bed flat
Blandford Place, Seaham SR7
£130,000
Blandford Place, Seaham SR7
£130,000
Our Summary
- Please see the Let Property Pack linked below for greater details on this property's investment potential
- Investment potential detailed below (Let Property Pack)
Description
This 1-bedroom flat in Seaham is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a bedroom, lounge, bathroom, and kitchen, and is currently generating an annual gross income of £5,040. With long-term tenants already in place, the new owner has the potential to increase the rental income to a market rate of £7,416. The tenants have been consistently paying their rent for several years and have no intention of moving out, making for a stable and worthwhile investment. With a Let Property Pack available for more information, this property offers a smooth transaction process and the potential for strong returns.