£55,000

2 bed flat for sale

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Leasehold

Offers over

£55,000

(£79/sq. ft)

2 bed flat for sale

Farnham Road, South Shields NE34

2 beds
1 bath
700 sq. ft
EPC rating: D

Key Information

Tenure:
Leasehold (900 years)
Service charge:
Council tax band:
Ground rent:
Ground rent date of next review:

Local area information

Property location

Nearby amenities

  • SS Peter and Paul RC Voluntary Aided Primary School 0.1 miles
  • Stanhope Primary School 0.2 miles
  • Newcastle International Ferry Terminal 1.3 miles
  • South Shields Ferry Terminal 1.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Residential Investment

  • Investor Opportunity

  • Leasehold
  • Private garden
  • On street/residents parking
  • Double glazing
  • Tenants In Place
  • **buy to let investment**
  • Current rent £500PCM
  • Potential rent £550PCM
  • Total potential return after 5 years 152%
Investment Information

Current Rent £6,000 Per Year

Potential Rent of £6,600 per year

total potential return after 5 years 152%

See Investment Schedule for Full Investment Information

Tenant Information

Consistently rented for several years

Month To Month Rolling Contract

No missed / late payments

The accommodation consists of 2 bedrooms. A spacious lounge/kitchen area and 1 modern bathroom.

This property is conveniently positioned, offering easy access to local amenities and transport links. Its location is ideal for tenants who prioritize convenience and connectivity, enhancing its appeal to those seeking easy access to essential services and the surrounding area.

Contact us today for a copy of our Investment Schedule and seize the chance to add this tenanted 2 bed property to your portfolio.

EPC Rating: D

Lounge

Double glazed windows

Kitchen

3.27m x 3.83m

Modern appliances

Ample storage

Master Bedroom
3.71m x 3.82m

Bedroom 2

1.70m x 3.49m

Modern bathroom
Bath, sink, WC

There are some planning applications within 0.5 miles of this home

Blurred out There are some planning applications within 0.5 miles of this home information

Assess how they might enhance or detract from this home’s value.

Floor plans and tours

Floor plans (1)

Floor plan 1

Tours (1)

1 virtual tour available

Step inside the property with a virtual tour or video walkthrough.

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  1. Zoopla
  2. For sale
  3. Tyne & Wear
  4. South Shields
  5. Farnham Road

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