Ryedale, Wallsend NE28 1 bed flat for sale

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Ryedale, Wallsend NE28 1 bed flat for sale

Ryedale, Wallsend NE28
£41,000

Price History

Initial price £50,000
21/12/24 £45,000
24/12/24 £43,000
03/01/25 £41,000
11/01/25 £45,000
17/01/25 £43,000
01/02/25 £41,000
Price Change -18.00%

Description

This 1-bedroom flat in Wallsend is a fantastic investment opportunity, generating an annual gross income of £5,700 and offering potential for growth to £6,000 with long-term tenants already in place. The property is well-maintained and features a bedroom, bathroom, and kitchen. With a current tenant situated, the new owner can expect a smooth transition and minimal disruption. The flat's strong rental returns and potential for increase make it an attractive addition to any investor's portfolio, and the current tenants' consistent rent payments and desire to remain in the property provide a secure and reliable income stream.