This 2 bedroom first floor flat looks like a great opportunity to secure passive income of over £328 PCM.
It would be a great addition to any investor who is seeking hands off rental income. The property is virtually FREEHOLD (Tyneside Lease) which means NO SERVICE CHARGE and PEPPERCORN GROUND RENT which means there are no nasty charges which would impact your profit!
The property is let at £500 PCM and has had the same reliable tenant since 2016. Within only 2 miles of the lively Newcastle city centre in an established residential location. There are direct comparable properties for sale on the same road for £85,000.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.