Foster Drive, Gateshead NE8 2 bed flat for sale

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Foster Drive, Gateshead NE8 2 bed flat for sale

Foster Drive, Gateshead NE8
£90,000

Price History

Initial price £105,000
13/02/25 £90,000
Price Change -14.29%

Description

This 2-bedroom flat in Gateshead offers a lucrative investment opportunity, with a current annual gross income of £9,588 and potential to increase to £10,200 with long-term tenants already in place. The property is well-maintained and features 2 bedrooms, a lounge, bathroom, and kitchen. The current tenants, who have been residing there for several years, have consistently paid their rent and do not intend to move out, providing a stable and reliable income stream for the new owner. With its proximity to valuable amenities and potential for increased returns, this property is an attractive addition to any investor's portfolio.