1 bedroom flat for sale

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1 bedroom flat for sale

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 currently rented out, generating an annual gross income of £5,040, which could be increased to a market rate of £7,416 with long-term tenants already in place. The flat is well-kept and features one bedroom, a lounge, a bathroom, and a kitchen. The current tenants have been residing in the property for several years and have consistently paid their rent, intending to remain in the property. With a purchase price that will yield a worthwhile return, this is an excellent chance for investors to add to their portfolio.