Offers over
£60,000
(£103/sq. ft)
2 bed flat for saleCushycow Lane, Ryton NE40
2 beds
1 bath
1 reception
581 sq. ft
- Leasehold
Let Property
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About this property
Buy-to-Let Opportunity
Tenants Currently Situated
Likely to attract enquiries from Serious Investors & Developers
Well-kept flat
The property features a small, well-maintained garden
Conveniently located close to the high street, reputable schools, and excellent
Ideal for Working Professionals
Investment potential detailed below (Let Property Pack)
This well-maintained 2-bedroom flat is located in Ryton, within walking distance of various valuable amenities. It is ideal for investors seeking reliable, long-term returns.
This is a brilliant opportunity for investors!
Offering two bedrooms, a lounge, a three-piece bathroom, and a kitchen, this property also benefits from a small, well-maintained garden. Ideally situated close to the high street, highly regarded schools, and excellent public transport links, it presents an ideal home for working professionals.
Investment Details:
The property generates an annual gross income of £5,940, which the new owner could increase to a market rate of £8,364 with tenants currently situated. The purchase price makes it a worthwhile addition to any investor's portfolio.
Please see the Let Property Pack linked below for more details on this property's investment potential.
Tenancy Details:
The current tenants have resided in the property for several years and have consistently paid their rent. They have no intentions of moving out and are keen to remain in the property.
Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties, a fully refundable buyer's premium may apply to secure the property. This amount is refunded in the event of non-completion.
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More information
Tenure
Leasehold (90 years)
Service charge
Council tax band
A
Ground rent
£1,248
Ground rent date of next review