Ryedale, Wallsend, NE28

1 bedroom Flat in Wallsend

For Sale
Offers Over £37,000
Current Yield 9.8 %
Potential Yield 22.8 %
Property Reference: 213106710
  • Flat
  • 1 Bedrooms
  • 1 Bathrooms
  • 24 sq m

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Long Term Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • Good Condition
  • Easy Access to Local Amenities
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

Our latest listing is a 1 bedroom Flat located in Wallsend. It is near valuable amenities, can generate rewarding rental returns, and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 1 bedroom, a bathroom, and a kitchen.

Investment details

It currently produces an annual gross income of £5,700 which the new owner could increase to a market rate of £6,000 with long-term tenants presently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

Please see the Let Property Pack linked below for greater details on this property's investment potential.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for their stay. They do not intend to move out so they hope to remain in the property.

Let Property Sales is committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, 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.

Helpful Information

Property Reference: 213106710

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £475
  • Potential Rent pcm: £500
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: 2 years+
  • Tenants means of funding: Employment
Property Reference: 213106710
Property Reference: 213106710

Property Location

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Request DetailsRyedale, Wallsend, NE28

Offers Over £37,000

Make an offer
Ryedale, Wallsend, NE28

Listing Price

Offers Over £37,000

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.