3 bed flat for sale

Crowley Road, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16

Investment Opportunity: Three Bedroom Upper Flat In Swalwell

Presenting an outstanding investment opportunity, this spacious three bedroom upper flat is ideally situated in the popular area of Swalwell, Tyne and Wear. Offered for sale with offers over £65,000, this property is currently tenanted, generating a consistent rental income of £700 per calendar month, making it an attractive proposition for buy-to-let investors.

The flat boasts a well-proportioned layout, featuring three comfortable bedrooms, a single reception room, and a family bathroom. The interior offers a practical living space, suitable for a variety of tenants, and presents scope for cosmetic enhancements to further increase its rental appeal and capital value. The current tenancy provides immediate returns, eliminating void periods and ensuring a smooth transition for the new owner.

Swalwell is a highly sought-after location, offering a blend of residential tranquillity and convenient access to local amenities. Residents benefit from proximity to a range of shops, supermarkets, schools, and leisure facilities. Excellent transport links are readily available, with regular bus services connecting to Newcastle city centre and surrounding areas, making it an attractive location for commuters and families alike. The A1(M) motorway is also easily accessible, providing convenient routes for regional travel.

This property benefits from a Tyneside Lease, a common and well-understood leasehold arrangement in the North East, which typically involves the upper flat owner also owning the freehold of the lower flat, and vice versa, with shared responsibilities for maintenance. Prospective buyers are advised to consult with their legal representative regarding the specifics of this lease type.

With its strong rental income of £700pcm, desirable location, and potential for future appreciation, this three bedroom upper flat represents a compelling addition to any investment portfolio. Early viewing is highly recommended to fully appreciate the potential on offer. Do not miss this chance to acquire a reliable income-generating asset in a thriving Tyne and Wear community.