Summary - Stephenson Street, North Shields, Tyne & Wear, NE30 NE30 1QA
2 bed 1 bath Flat
**Standout Features:**
- Buy-to-let opportunity with a long-term tenant in place.
- Well-maintained 2-bedroom flat in North Shields.
- Currently generates £7,800 annual gross income, potential to increase to £8,784.
- Spacious rooms with contemporary design and natural light.
- Close proximity to local amenities and transport links.
- Located in a prime rental hotspot, ideal for investors.
**Notable Concerns:**
- High crime rate in the area.
- The property is leasehold—considerations for lease terms might be necessary.
This well-kept 2-bedroom flat in North Shields presents a lucrative buy-to-let opportunity for serious investors. With a committed long-term tenant, this property currently brings in an annual gross income of £7,800, with potential rental increases to market rates. The spacious interior features a contemporary living room and a well-lit kitchen that lend a comfortable and inviting atmosphere.
Positioned in an urban setting, the flat is conveniently close to a variety of amenities, making it a desirable location for tenants seeking both accessibility and comfort. While the area faces challenges with a high crime rate, its potential for rental yields and its long-term tenant provide a stable investment outlook in a market that is ever-evolving. With a bit of strategic management, this property could be a valuable addition to your investment portfolio. Don’t miss this chance to secure a reliable income stream!
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