- Two bedroom +
- Ground floor +
- Rear yard +
- Currently let £595pcm +
- No upper chain +
- Turn key investment +
Discover an outstanding investment opportunity with this well-presented two-bedroom, ground floor apartment, ideally situated on Dunmorlie Street in the vibrant city of Newcastle Upon Tyne. This property is offered for sale with offers in excess of £59,950, making it an incredibly attractive proposition for discerning investors seeking a ready-made income stream.
The flat boasts a practical and comfortable layout, featuring two generously sized bedrooms, a single well-appointed bathroom, and a welcoming reception room. The ground floor location provides convenient access, a highly sought-after attribute for many tenants.
One of the most compelling aspects of this property is its current tenancy. It is presently let at a respectable £595 per calendar month, ensuring immediate rental income from day one of ownership. This established tenancy makes it a truly turn-key investment, eliminating the typical void periods and tenant sourcing efforts often associated with new acquisitions.
Further enhancing its appeal, the property benefits from a private rear yard, offering valuable outdoor space, a desirable feature in urban living. This additional amenity can significantly contribute to tenant satisfaction and retention.
For investors, the absence of an upper chain is a significant advantage, promising a smoother and potentially quicker transaction process. This streamlines the acquisition, allowing you to capitalise on your investment without unnecessary delays.
Located in Newcastle Upon Tyne, Dunmorlie Street offers excellent connectivity and access to local amenities, transport links, and the city centre's diverse offerings. This ensures continued demand for rental properties in the area, underpinning the long-term viability of this investment.
This property represents a superb chance to acquire a low-risk, high-potential asset in a popular residential area. Whether you are expanding an existing portfolio or making your first foray into property investment, this two-bedroom ground floor flat provides a secure and profitable venture. Early viewing is highly recommended to fully appreciate the value and opportunity this exceptional property presents.