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2 bedroom flat for sale
May Close, Hebburn, NE31
£82,000
May Close, Hebburn, NE31
£82,000
Price History
Initial price | £83,500 |
29/11/24 | £81,500 |
14/12/24 | £79,500 |
20/12/24 | £77,500 |
02/01/25 | £84,000 |
10/01/25 | £82,000 |
Price Change | -1.80% |
Description
This 2-bedroom mid-terrace house in Hebburn is a great investment opportunity for those looking to expand their portfolio. The property is well-kept and features 2 bedrooms, an ensuite, a separate bathroom, a lounge, and a kitchen. Currently, it produces an annual gross income of £6,900, which could be increased to £8,388 with long-term tenants already in place. The tenants, who have been living in the property for several years, intend to stay and have consistently paid their rent on time. With a purchase price that offers a worthwhile return, this property has the potential to be a valuable addition to an investor's portfolio.