Melrose Terrace, Bedlington, NE22

2 bedroom Terraced House in Bedlington

For Sale
Offers Over £73,000
Current Yield 7.2 %
Potential Yield 9.4 %
Property Reference: 216208953
  • Terraced House
  • 2 Bedrooms
  • 1 Bathrooms
  • 1 Receptions
  • 77 sq m

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Spacious Lounge
  • Modern Kitchen
  • Good Condition
  • Rear Garden Space
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

This 2 bedroom terrace house in Bedlington offers a prime investment opportunity. It boasts valuable amenities in close proximity, promising rewarding rental returns and a current tenant.

The well-maintained property features two bedrooms, three-piece bathroom, spacious lounge, modern kitchen and rear garden space.

Investment Details:

The property currently generates an annual gross income of £6,000 which has the potential to be increased to a market rate of £7,800 with the current tenants in place. Considering the purchase price, this investment presents a substantial opportunity for investors seeking to expand their portfolio.

For further details on the property’s investment potential, please refer to the attached Let Property Pack.

Should you express interest in this property, please contact us.

Tenancy Details:

The current tenants have consistently paid their rent throughout their tenancy and have no intention of relocating. They are committed to remaining in the property.

Let Property Sales is dedicated to facilitating a seamless transaction process and ensuring mutual commitment from both parties. To secure a property, a fully refundable buyer’s premium may be applied. This premium is not an additional cost and is refunded in the event of non-completion.

Helpful Information

Property Reference: 216208953

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £500
  • Potential Rent pcm: £650
  • Tenancy Agreement in place: YES
  • Tenancy Compliance in place: YES
  • Current Term of Tenancy: 2 years+
  • Tenants means of funding: Employment
Property Reference: 216208953
Property Reference: 216208953

Property Location

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Request DetailsMelrose Terrace, Bedlington, NE22

Offers Over £73,000

Make an offer
Melrose Terrace, Bedlington, NE22

Listing Price

Offers Over £73,000

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.