£45,000
2 bed flat for saleBrinkburn Street, Wallsend, Tyne And Wear NE28
2 beds
1 bath
1 reception
Just added
Chain free
Leasehold
About this property
2 Bedroom Flat
No Chain
Ground Floor
Investment Opportunity
Potential Gross Rental Yield of 12% After Works
Rear Garden/Courtyard
Long Lease - 981 Years Remaining
No Ground Rent & Service Charge
Close to Amenities
609 Sq. Ft
*** cash buyers only ***
This two-bedroom property on Brinkburn Street, Wallsend presents an excellent opportunity for investors looking to add value. Currently in need of refurbishment, this project could deliver an impressive 12% gross rental yield upon completion, making it an attractive proposition for those seeking a lucrative investment project.
The property's layout includes a spacious lounge, compact kitchen awaiting modernization, two well-proportioned bedrooms, and a bathroom ripe for renovation. The private rear yard measuring approximately 23'0" x 19'8" offers excellent outdoor space and further potential to create an attractive garden area that would appeal to future tenants.
Located in Wallsend, the property benefits from good local amenities including shops, schools, and leisure facilities. The property is within easy reach of Wallsend town center and offers convenient access to Newcastle city center. Transport links in the area include regular bus services and Wallsend Metro station providing connections throughout Tyne and Wear.
This property represents a blank canvas for investors to transform into a profitable rental property. With the potential for a substantial 12% rental yield following refurbishment, we strongly recommend early viewing to appreciate the opportunity this property presents.
This two-bedroom property on Brinkburn Street, Wallsend presents an excellent opportunity for investors looking to add value. Currently in need of refurbishment, this project could deliver an impressive 12% gross rental yield upon completion, making it an attractive proposition for those seeking a lucrative investment project.
The property's layout includes a spacious lounge, compact kitchen awaiting modernization, two well-proportioned bedrooms, and a bathroom ripe for renovation. The private rear yard measuring approximately 23'0" x 19'8" offers excellent outdoor space and further potential to create an attractive garden area that would appeal to future tenants.
Located in Wallsend, the property benefits from good local amenities including shops, schools, and leisure facilities. The property is within easy reach of Wallsend town center and offers convenient access to Newcastle city center. Transport links in the area include regular bus services and Wallsend Metro station providing connections throughout Tyne and Wear.
This property represents a blank canvas for investors to transform into a profitable rental property. With the potential for a substantial 12% rental yield following refurbishment, we strongly recommend early viewing to appreciate the opportunity this property presents.
More information
Tenure
Leasehold (981 years)
Service charge
Council tax band
A
Ground rent
Ground rent date of next review