This three-bedroom semi-detached home presents a noteworthy investment opportunity in South Tyneside. Currently tenanted on a month-to-month basis, the property generates an income of £550 per calendar month, but with market rents estimated around £900+ per month, there is significant potential to boost cash flow. The existing tenant has a solid payment history and is aware of the sale, ensuring a smooth transition for prospective buyers.
Spanning approximately 84m² (excluding the garage), the layout includes a welcoming entrance hall leading into a spacious living room, a separate dining space, and a practical fitted kitchen alongside an essential utility room. The integral garage adds convenient storage or parking options. On the first floor, you'll find three well-proportioned bedrooms and a family bathroom.
While the property is currently in serviceable condition, it would greatly benefit from cosmetic updates and modernisation. This opens up opportunities for savvy investors to enhance value through targeted renovations. Given local market comparisons, improvements could enable the property to meet higher rental demand or appeal to owner-occupiers seeking a home that reflects contemporary tastes.
Situated within reach of local amenities and strong transport links, this property combines immediate rental income with long-term growth potential. Investors can choose between maintaining the current tenancy for immediate returns or pursuing refurbishment plans to maximize resale value.
