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2 bed flat
Mendip Gardens, Gateshead NE11
£69,000
Mendip Gardens, Gateshead NE11
£69,000
Price History
Initial price | £70,000 |
14/12/24 | £68,000 |
21/12/24 | £66,000 |
24/12/24 | £64,000 |
03/01/25 | £71,000 |
11/01/25 | £69,000 |
Price Change | -1.43% |
Description
This 2-bedroom mid-terrace property in Lobley Hill is a fantastic investment opportunity for those looking to expand their portfolio. The property is currently generating an annual gross income of £6,600, but with some tweaks, the new owner could increase this to a market rate of £9,708. The property is well-maintained and features 2 bedrooms, a spacious lounge, and a modern kitchen. The current tenants have been long-standing and have consistently paid their rent, with no plans to move out, making for a stable and predictable income stream. With its proximity to amenities and potential for increased rental returns, this property is a worthwhile addition to any investor's portfolio.