Summary - High Street East,Tyne and Wear, NE28 NE28 7RP
2 bed 1 bath Flat
**Property Highlights:**
- 2 Bedroom Flat located in Newcastle Upon Tyne
- Long-term tenant in place with consistent rental payments
- Spacious lounge and modern kitchen
- Annual gross income of £9,000
- Freehold tenure
- Excellent mobile signal and fast broadband speeds
- Close proximity to amenities and schools
This well-kept 2-bedroom flat offers a compelling buy-to-let opportunity in a vibrant Newcastle Upon Tyne neighborhood. The property boasts a spacious lounge and a contemporary kitchen, ideal for enjoyable living or rental use. With a reliable long-term tenant currently residing, it generates an attractive annual gross income of £9,000, making it a smart addition to any investor’s portfolio.
Set against a backdrop of both commercial and residential spaces, this flat is positioned to capitalize on the area's amenities, providing convenience for residents while ensuring ongoing interest from potential tenants. However, the area does face challenges, including high crime rates and significant socioeconomic deprivation, which may influence future rental dynamics. Despite these factors, the property stands out for its investment potential and is likely to attract savvy investors looking to enhance their portfolios. With a price of just £61,000, this opportunity may not last long—envision securing your investment today!
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