Simonside Terrace, Newcastle upon... 3 bed flat for sale

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Simonside Terrace, Newcastle upon... 3 bed flat for sale

Simonside Terrace, Newcastle Upon Tyne, NE6
£143,000

Price History

Initial price £155,000
05/03/25 £150,000
15/03/25 £147,000
22/03/25 £145,000
28/03/25 £143,000
Price Change -7.74%

Description

This 3-bedroom flat in Newcastle Upon Tyne offers a fantastic investment opportunity for investors looking to expand their portfolio. The property is currently generating an annual gross income of £10,200, with the potential to increase to £12,000 with a new owner. The property is well-maintained and features three bedrooms, a lounge, kitchen, ensuite, and bathroom. The current tenants, who have been in the property for several years, have a good payment history and intend to remain in the property, providing a stable and predictable income stream. With a strong rental yield and a tenant already in place, this property is an attractive addition to any investment portfolio.