Springwell Drive, Ellington NE61 3 bed terraced house for sale

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Springwell Drive, Ellington NE61 3 bed terraced house for sale

Springwell Drive, Ellington NE61
£80,000

Price History

Initial price £100,000
13/02/25 £80,000
Price Change -20.00%

Description

This 3-bedroom terrace house in Morpeth offers a fantastic investment opportunity for those looking to expand their portfolio. The well-kept home features three bedrooms, a three-piece bathroom, spacious lounge, kitchen, and front garden space, all in good condition. The property currently produces an annual gross income of £5,700, but with some minor adjustments, this could be increased to a market rate of £7,500, making it a worthwhile addition to an investor's portfolio. The current tenants, who have consistently paid their rent, are willing to remain in the property, ensuring a smooth transition for the new owner. With a Let Property Pack available for further information, this is an excellent chance for investors to take advantage of a reliable and lucrative investment opportunity.