£85,000
2 bed maisonette for saleBalkwell Avenue, North Shields, Tyne And Wear NE29
2 beds
1 bath
1 reception
EPC Rating: C
- Leasehold
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About this property
Maisonette
Great Investment Opportunity
2 Double Bedrooms
Tenants in Situ - 8.47% Yield
Ground Floor
Private Rear Garden
Modern Fitted Bathroom
583 Sq. Ft
Close to Amenities
Long Lease - 972 Years Remaining
*** tenants in situ - investors only ***
This 2-bedroom ground floor maisonette on Balkwell Avenue, North Shields presents an excellent opportunity for investors seeking immediate rental income. Currently tenanted with sitting tenants paying £600pcm, generating a 8.57% yield, this property offers a stable investment in a popular residential area.
The maisonette's layout includes a spacious lounge, functional kitchen, two well-proportioned bedrooms and a family bathroom. Outside, the property benefits from a private rear garden with a patio area ideal for outdoor seating and dining, providing tenants with valuable outdoor space to enjoy.
Located in the established residential area of North Shields, the property offers easy access to local amenities including shops, schools, and healthcare facilities. The property is within easy reach of North Shields town centre and benefits from good transport links to Newcastle city centre and the wider North East region.
Currently tenanted with rental income already in place, this property requires minimal work to maintain its investment potential. With its generous yield and established tenancy, we strongly recommend viewing to appreciate the investment opportunity this maisonette presents.
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More information
Tenure
Leasehold (972 years)
Service charge
Council tax band
A
Ground rent
Ground rent date of next review