Summary - 52, Russell Street NE32 3AW
5 bed 2 bath Flat
**Standout Features:**
- **Investment Potential:** Rare opportunity to own a pair of flats, both currently tenanted.
- **Location:** Centrally located near shops, pubs, restaurants, and schools with excellent transportation links, including bus services and access to the A19.
- **Tenancy:** Ground floor flat (2 bedrooms) and upper flat (3 bedrooms) with tenants on rolling contracts at £295/month each.
- **Condition:** Both flats require modernization but include essential features such as gas central heating.
**Potential Concerns:**
- **Aging Properties:** Constructed between 1900-1929, these flats may require significant updates to bring them up to contemporary living standards.
- **Limited Access:** Due to tenant occupancy, potential buyers may have restricted access for detailed inspections.
**Summary:**
This unique investment opportunity presents a pair of flats in a central location, perfect for savvy investors looking to tap into the rental market. With a combined total of five bedrooms and two bathrooms, these flats are ideal for families and professionals alike. The ground floor flat features a cozy lounge, two bedrooms, and a bathroom, while the upper flat boasts three bedrooms, a lounge, and a kitchen—a setup that offers excellent rental versatility. Both units are currently tenanted, providing immediate cash flow at £295 per month each, but the properties will require modernization, giving you the chance to add value.
While the local area shows some challenges, the strong rental market and strategic positioning near amenities present solid potential for growth. Make your bid at auction today to secure this promising venture before it's gone!
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