Summary -
83a Victoria Terrace,BEDLINGTON,NE22 5QE
NE22 5QE
1 bed 1 bath Flat
Long-term tenant in place, attractive gross rental yield potential.
Long-term tenant in situ with steady rent payments
This one-bedroom leasehold flat sits on Victoria Terrace in Bedlington and is offered with a long-term tenant in situ. At 581 sq ft it provides compact, practical accommodation: bedroom, lounge, kitchen and a three-piece bathroom, plus on-street parking. The current annual gross rental is £5,400, giving a strong headline income relative to the asking price of £63,500.
The building appears to be a Victorian terraced property; the flat is likely to suit buy-to-let investors or portfolio buyers seeking immediate income. The lease has around 965 years remaining, broadband speeds are reported fast and there is no flood risk. Tenants have a history of on-time payments and do not intend to vacate, so the purchase offers immediate cashflow with minimal re-letting downtime.
Buyers should note material drawbacks plainly: the property is in a very deprived area with high local crime levels, and the street-level location offers only on-street parking. External inspection suggests a period terrace that may need internal modernisation; the marketing information lacks full internal photos and a floorplan, so buyers should arrange a physical inspection and review the full Let Property Pack. This listing is aimed at investors prepared to manage a tenancy in an area with higher operational and management demands.
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