Amen Corner, Newcastle upon Tyne NE1 1 bed flat for sale

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Amen Corner, Newcastle upon Tyne NE1 1 bed flat for sale

Amen Corner, Newcastle upon Tyne NE1
£117,000

Price History

Initial price £130,000
28/12/24 £125,000
04/01/25 £123,000
11/01/25 £121,000
17/01/25 £119,000
01/02/25 £117,000
Price Change -10.00%

Description

This 1-bedroom flat in Newcastle Upon Tyne is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features one bedroom, a bathroom, and a kitchen, with a current annual gross income of £11,400. With long-term tenants already in place, the new owner could increase the income to a market rate of £12,000. The tenants, who have been in the property for several years, have consistently paid their rent and do not intend to move out, making for a smooth transition. With a Let Property Pack available for further details, this is a worthwhile addition to any investor's portfolio.