An excellent investment opportunity to acquire a PAIR of tenanted flats on a single freehold title, ideally located in a convenient area close to the Metro and South Shields town centre. This property comprises a spacious three-bedroom upper flat and a well-proportioned two-bedroom lower flat, both currently occupied by tenants in situ.
The property offers immediate rental income and has the potential to achieve an impressive yield of approximately 11%, making it a highly attractive prospect for buy-to-let investors. With strong demand for rental accommodation in the area and excellent transport links nearby, this is a secure and promising addition to any investment portfolio.
The freehold title ensures there are no ground rent or service charge liabilities, adding further value to this opportunity. Situated in a popular and well-connected location, this property benefits from consistent rental appeal and long-term growth potential.
For more information or to arrange a viewing, please get in touch. This is a rare chance to secure a high-yielding investment with tenants already in place.
Entrance Hall -
Lounge - The neutrally decorated lounge features a charming fireplace and offers direct access to the second bedroom.
Kitchen - The kitchen is neutrally decorated and fitted with a range of wall and base units, offering ample storage. It includes an gas hob and electric oven, plumbing for a washing machine, and space for a fridge freezer.
Bathroom - Neutrally decorated generous bathroom with shower over the bath
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Susan Spokes Real Estate - South Shields. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Susan Spokes Real Estate - South Shields for full details and further information.