£320,000

8 bedroom terraced house for sale

Newcastle upon Tyne, NE6
terraced house terraced house
bedrooms 8 bedrooms
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Property description

Attention Investors – Opportunity Knocks!Welcome to Phillipson Street, Walker, NE6 – a superb investment opportunity ideal for expanding your portfolio or stepping into the property investment market. This modern, fully refurbished property boasts an impressive 10% rental yield and offers strong potential for future growth.Transformed by the current owner from a single dwelling into five high-quality flats, the property comprises:3 x Two-Bedroom Apartments (currently let at £600pcm each)2 x One-Bedroom Apartments (currently let at £400pcm each)All flats have been finished to a high standard throughout and are being sold with tenants in situ, ensuring immediate rental income from day one.It’s worth noting that the current rental values are below market rate, offering scope to increase rental yields further over time.This is a turn-key investment with strong fundamentals and room for growth. Viewings are highly recommended to fully appreciate the quality of the renovation and the income potential on offer.Tenure: One freehold titleCouncil Tax: Each flat is council tax band A: £1,607.73EPC Rating: TBCMaterial Information: Built of standard construction. We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. Tenure: Freehold,
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Newcastle upon Tyne, NE6

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Northwood - West End 676 West Road Newcastle upon Tyne NE5 2UR
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