READY MADE INVESTMENT OPPORTUNITY | SOLD WITH TENANT IN SITU | CURRENTLY PAYING £550pcm | AST IN PLACE UNTIL DEC 2024 | GROSS YIELD OF 8.8% THREE BEDROOM APARTMENT WITH CONSERVATORY | GREAT ACCESS FOR JARROW TOWN CENTRE AND TYNE TUNNEL
Spacious three bedroom ground floor flat that has been extended to the rear with a Conservatory running off the main living room. The property is access via the side of the flat and features three large bedrooms, family bathroom, fitted galley kitchen, central living room and conservatory. In all there is just of 800sq ft of living accommodation. Externally to the rear is a private rear yard. The property is heated via a combi gas boiler and features double glazed windows.
This property presents an attractive opportunity for landlords, with a tenant in residence since December 2023. The tenancy is secured under a 1-year Assured Shorthold Tenancy (AST) agreement, set to continue until December 2024. With a current rental income of £550 per calendar month, this investment offers a strong return. Additionally, the property comes with a current Electrical Installation Condition Report (EICR) in place.
This property is located just off the main road connecting Jarrow with Hebburn. It is an ideal location for those needing access to public transport given the proximity to local transport routes including the Jarrow Bus Station. For those that drive, it is ideally located for travel around South Tyneside and beyond with the excellent access to A19 and the Tyne Tunnel.
There are a number of Good and Outstanding schools located within 1 mile and the property provides great access to Jarrow town centre which includes the Morrisons Supermarket