Fairney Edge, Ponteland NE20 1 bed flat for sale

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Fairney Edge, Ponteland NE20 1 bed flat for sale

Fairney Edge, Ponteland NE20
£106,000

Price History

Initial price £120,000
06/04/25 £115,000
12/04/25 £110,000
17/04/25 £108,000
22/04/25 £106,000
Price Change -11.67%

Description

This one-bedroom flat in Newcastle Upon Tyne offers a prime investment opportunity, with a current tenant and valuable amenities in close proximity, promising rewarding rental returns. The well-maintained property features a single bedroom, lounge, bathroom, and modern kitchen, as well as a driveway and front garden. Currently generating an annual gross income of £6,000, the property has the potential to increase to a market rate of £9,000 with the current tenants in place, making it a substantial opportunity for investors seeking to expand their portfolio. With the tenants committed to remaining in the property, the current landlord can rest assured of a smooth transition and continued rental income.