1 bed flat for sale

Hyde Street, South Shields NE33

This well-maintained one-bedroom flat is located in South Shields, within walking distance of various valuable amenities. It is ideal for investors seeking reliable, long-term returns.

This is a brilliant opportunity for investors!

This well-maintained property offers a comfortable bedroom, a lounge, a triple-fixture bathroom, and a kitchen. It also benefits from on-road parking. Converted from a commercial shop into a flat 12 years ago, it operated successfully as an Airbnb before the covid-19 pandemic. Conveniently located just 10 minutes from the beach and close to shops and restaurants, the property features a small concrete frontage and an external storage cupboard with a double-glazed door housing the utility meters

Investment Details:

The property generates an annual gross income of £6,600 which the new owner could increase to a market rate of £6,660 with long-term 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 7 months 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.