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Ravensworth Terrace, Tyne and Wear NE33 2 bed flat for sale
Ravensworth Terrace, Tyne and Wear NE33
£65,000
Price History
| Initial price | £80,000 |
| 10/09/24 | £75,000 |
| 04/10/24 | £72,000 |
| 01/04/25 | £65,000 |
| Price Change | -18.75% |
Description
Prime Property Auctions is excited to bring to market this stunning 2-bedroom flat in South Shields, Tyne and Wear, with a guide price of £72,000. The property has massive potential yield, with the possibility of achieving £795 per month in rental income, providing an annual income of £9,540 or a gross yield of 13.25%. Alternatively, it could be used as a serviced accommodation, generating an annual income of £17,885 or a gross yield of 24.84%. The property is situated in a prime location, close to schools, local amenities, and public transport, making it an attractive opportunity for investors. With local sales evidence of similar properties selling for £129,000 and £110,000, this property offers fantastic capital growth potential. The property is in excellent condition and is readily let, making it a turnkey investment opportunity for shrewd investors.