2 bed flat

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2 bed flat

Richmond Road, South Shields NE34
£68,000

Price History

Initial price £70,000
06/12/24 £65,000
14/12/24 £63,000
21/12/24 £70,000
24/12/24 £68,000
03/01/25 £66,000
10/01/25 £64,000
17/01/25 £70,000
31/01/25 £68,000
Price Change -2.86%

Description

This 2-bedroom flat in South Shields is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, and bathroom, with a current annual gross income of £5,280. With a new owner, the rental income could be increased to a market rate of £7,500. The property has a tenant currently situated, who has lived in the property for several years and has consistently paid rent. The current tenant has no intention of moving out, making this a stable and lucrative investment opportunity. With a Let Property Pack available for further details, this is a worthwhile addition to any investor's portfolio.