2 bedroom flat for sale

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2 bedroom flat for sale

South Frederick Street, South Shields
£54,950

Price History

Initial price £65,000
03/07/24 £59,950
17/10/24 £54,950
Price Change -15.46%

Description

This property is a ready-made investment opportunity, currently occupied by a tenant paying £395 per month on a rolling periodic Assured Shorthold Tenancy (AST). The two-bedroom apartment has been converted to include an additional reception room, creating a spacious dining area. The property features a generous main bedroom, a convenient bathroom layout, and a second bedroom with a front view. The living room is connected to the dining area by double doors, offering versatile living space. The kitchen is equipped with fitted units and leads to a shared rear yard. The property benefits from a gas combi boiler and partial double glazing with secondary glazing to the front. With a gross yield of 7.3%, this investment has potential for rent increase and already has an Electrical Installation Condition Report (EICR) in place, adding to its value.