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Derwent Street, Portfolio of 6 Flats... 1 bed house for sale
Derwent Street, Portfolio of 6 Flats, Chopwell, Newcastle upon Tyne NE7
£102,000
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.