2 bed flat for sale

Combe Drive, Newcastle Upon Tyne NE15

Exceptional Ground Floor 2-Bed Flat – Perfect for Investors!

This well-presented ground-floor 2-bedroom flat offers a fantastic opportunity for investors seeking solid rental returns. Currently tenanted at £550pcm with potential to increase to £615pcm, this property represents an excellent investment with scope for growth.

Key Features

Spacious Layout: The floorplan boasts a well-utilized 49 sqm (528 sq ft) of internal space. The lounge diner (10'6" x 14'3") provides a generous living area, perfect for tenants seeking comfort and versatility.
Modern Bedrooms: Two well-proportioned bedrooms, including a master bedroom (12'3" x 9'9") and a second bedroom (8'7" x 6'7"), ideal for small families or professional sharers.
Functional Kitchen and Bathroom: A compact yet practical kitchen (7'8" x 8'10") with ample storage, and a modern bathroom complete the interior.
Ground Floor Convenience: Easily accessible, making it appealing to a broad tenant base.
Investment Highlights

Tenancy in Place: Already generating income at £550pcm, with potential to grow rental yield.
Strong Capital Value: Current market value estimated at £85-90k, offering great affordability and potential capital appreciation.
Leasehold Benefits: 125 years remaining with no service charge or ground rent, minimizing ownership costs.
Compliance Assured: All legal and compliance certificates are up to date, ensuring a hassle-free purchase.
Situated in a desirable location, this property is an investor's dream. With its attractive price point and excellent rental prospects, it won’t be on the market for long. Whether you're expanding your portfolio or entering the buy-to-let market, this flat offers exceptional value and returns.

Act fast – properties like this don’t stay available for long!