2 bedroom ground floor flat for sale

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2 bedroom ground floor flat for sale

Farnham Road, South Shields NE34
£64,000

Price History

Initial price £73,500
31/07/24 £66,000
08/09/24 £64,000
Price Change -12.93%

Description

This investment property is a 2-bedroom home that has been consistently rented for several years, with a current rent of £6,000 per year and potential rent of £6,600 per year. The property offers a total potential return of 152% after 5 years, making it an attractive opportunity for investors. The tenant is on a month-to-month rolling contract and has a good payment history, with no missed or late payments. The property is conveniently located, with easy access to local amenities and transport links, making it ideal for tenants who prioritize convenience and connectivity. The property features a spacious lounge/kitchen area, modern bathroom, and ample storage, and is currently rated D for energy efficiency. With a copy of the investment schedule available, this could be a great addition to an investor's portfolio.