Derwent Street, Portfolio of 6 Flats... 1 bed house for sale

>

Derwent Street, Portfolio of 6 Flats... 1 bed house for sale

Derwent Street, Portfolio of 6 Flats, Chopwell, Newcastle upon Tyne NE7
£102,000

Price History

Initial price £119,000
18/01/25 £102,000
25/01/25 £119,000
01/02/25 £102,000
Price Change -14.29%

Description

This is a prime investment opportunity in the village of Chopwell, consisting of 5 one-bedroom flats and 1 two-bedroom flat, with a potential annual rental income of £31,200. The property requires some finishing works to the flats and communal areas, but each flat already has new kitchens and bathrooms, with most having washing machines and ovens in place. The location has high tenant demand and is close to the town of Blaydon, with its larger supermarkets and retail outlets. The property is being sold through a timed online auction on February 6, 2025, and is an excellent opportunity for an investor to purchase a prime property in the area.