Summary - 50 FOSTER DRIVE GATESHEAD NE8 3JG
2 bed 1 bath Flat
### Standout Features:
- **Location:** Well-connected area in Gateshead with easy access to amenities
- **Investment Potential:** Currently rented, generating £9,588 annually; potential to increase to £10,200
- **Property Size:** 2 bedrooms, 1 bathroom, 608 square feet
- **Condition:** Well-maintained with modern interiors
- **Outside Space:** Includes a shared garden
### Potential Downsides:
- **Market Conditions:** Crime rate is very high in the area, indicating need for caution
- **Property Type:** Leasehold, which may involve additional fees and restrictions
- **Size and Layout:** Small overall size may not suit everyone, particularly families
### Summary:
This modern 2-bedroom flat in Gateshead is a prime buy-to-let opportunity for savvy investors. Currently tenanted with reliable renters, the property generates an annual income that can be increased, offering excellent investment potential. Inside, you’ll find an open-plan living and dining area with modern finishes, a compact kitchen, and a bright lounge that welcomes ample natural light.
The well-maintained common grounds and nearby amenities make this property attractive for both current and future tenants. While the area has a high crime rate, the flat's location remains convenient for urban living. With a leasehold arrangement allowing for potential future flexibility, don't miss your chance to add this high-demand investment to your portfolio—properties of this caliber, with rental income already in place, are not likely to last long!
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