Collingwood Street, South Shields NE33

2 bedroom Flat in South Shields

For Sale
Offers Over £60,000
Current Yield 6.4 %
Potential Yield 9.2 %
Property Reference: 211190853
  • Flat
  • 2 Bedrooms
  • 1 Bathrooms
  • 67 sq m

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Long Term Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers.
  • Well Maintained Property
  • Spacious Lounge
  • Three Piece Bathroom
  • On-street Parking
  • Easy Access to Local Amenities
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

Our latest listing is a 2-bedroom Flat located in South Shields. It is in close proximity to valuable amenities, is able to generate rewarding rental returns, and has a tenant currently situated.

This well-kept home features 2 bedrooms, a triple-fixture bathroom, a lounge, a kitchen and on-street parking.

Investment Details

It currently produces an annual gross income of £4,800, which could be increased by the new owner to a market rate of £6,924 with long-term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below. If you are interested, please call us.

Tenancy Details

Let Property Sales is committed to facilitating a smooth transaction process and allowing for maximum commitment to the sale from both parties; a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.

Helpful Information

Property Reference: 211190853

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £400
  • Potential Rent pcm: £577
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: 5 years+
  • Tenants means of funding: Employment
Property Reference: 211190853
Property Reference: 211190853

Property Location

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Request DetailsCollingwood Street, South Shields NE33

Offers Over £60,000

Make an offer
Collingwood Street, South Shields NE33

Listing Price

Offers Over £60,000

Disclaimer
All offers are submitted to the seller for approval. On acceptance of your offer you will be required to instruct a solicitor for Legal Acceptance of your offer. A fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. Terms and payment details will be provided upon verbal acceptance of your offer.