1 bedroom flat for sale

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1 bedroom flat for sale

Ryedale, Wallsend, NE28
£37,000

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
01/03/25 £37,000
14/03/25 £35,000
20/03/25 £37,000
27/03/25 £35,000
04/04/25 £37,000
09/04/25 £35,000
18/04/25 £37,000
25/04/25 £35,000
30/04/25 £37,000
Price Change -26.00%

Description

This 1-bedroom flat in Wallsend is an attractive investment opportunity, with a current tenant in place and a strong rental income of £5,700 per annum. The property is well-maintained and has a bathroom and kitchen, offering a solid foundation for long-term returns. The current tenants have been in the property for several years and have consistently paid their rent, with no intention to move out, providing a stable income stream. With the potential to increase the rent to a market rate of £6,000, this property presents a worthwhile addition to an investor's portfolio.