This three-bedroom semi-detached house presents a noteworthy investment opportunity, currently tenanted on a periodic month-to-month agreement at £550 PCM, significantly below its market rental potential of approximately £900+ PCM. With an established tenant who has been reliable in their payments and is aware of the sale, this property not only provides immediate income but also offers flexibility for future strategies – whether that’s increasing rent in line with market trends or securing vacant possession for renovations.
The home spans around 84m² (excluding the garage) and features:
- Ground Floor: Entrance hall, spacious living room, separate dining area, fitted kitchen, utility room, and integral garage.
- First Floor: Main bedroom, two additional bedrooms, and family bathroom.
Externally, there's a front garden with driveway access and an enclosed rear garden complete with decking. While the property is currently habitable and in serviceable condition, it would greatly benefit from cosmetic updates or more thorough renovations to enhance its appeal and value.
Situated in a desirable residential area of South Tyneside (NE34), this property enjoys convenient access to local amenities, schools, and transport links. This is ideal for investors looking to capitalize on both rental income and long-term growth potential through refurbishment.
