Brinkburn Street, South Shields NE34 1 bed flat for sale

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Brinkburn Street, South Shields NE34 1 bed flat for sale

Brinkburn Street, South Shields, NE34
£63,000

Price History

Initial price £70,000
04/01/25 £65,000
11/01/25 £63,000
Price Change -10.00%

Description

This 1-bedroom flat in South Shields is an attractive investment opportunity, generating an annual gross income of £4,800 and with potential to increase to £6,276 with long-term tenants already in place. The property is well-maintained and features a lounge, bathroom, and kitchen. The current tenants, who have lived in the property for several years, are committed to staying and have a good payment history, making it an ideal addition to an investor's portfolio. With a competitive purchase price, this property offers a worthwhile investment opportunity for those looking to expand their portfolio.