1 bedroom flat for sale

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1 bedroom 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 for those looking to expand their portfolio. The property is well-kept and features 1 bedroom, a bathroom, and a kitchen. Currently, it generates an annual gross income of £5,700, which could be increased to £6,000 with long-term tenants already situated. The tenants, who have been in the property for several years, do not intend to move out, providing a stable and reliable income stream. With a purchase price that allows for a worthwhile addition to an investor's portfolio, this property offers a rewarding rental return.