2 bedroom flat for sale

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2 bedroom flat for sale

Audley Road, Newcastle Upon Tyne, NE3
£157,000

Price History

Initial price £185,000
22/08/24 £182,000
29/08/24 £179,000
07/09/24 £175,000
14/09/24 £172,000
21/09/24 £164,500
27/09/24 £161,500
03/10/24 £158,500
10/10/24 £155,500
16/10/24 £152,500
24/10/24 £149,500
30/10/24 £147,500
06/11/24 £145,500
13/11/24 £160,000
20/11/24 £157,000
Price Change -15.14%

Description

This 2-bedroom flat in Newcastle Upon Tyne offers a fantastic investment opportunity for those looking to expand their portfolio. The well-maintained property features a modern lounge, kitchen, patio, and garden space, as well as two bedrooms and a three-piece bathroom. The current tenant has been living in the property for several years and has consistently paid rent, with no intention to move out. The property currently produces an annual gross income of £9,600, which could be increased to a market rate of £11,100 with the new owner, making it a worthwhile addition to an investor's portfolio. With a valuable location and rewarding rental returns, this is an attractive opportunity for those looking to invest in the area.