South Frederick Street, South Shields

OIRO £59,950 | Available

2 bedroom Flat For Sale
or call 0191 5461973
Standout Features
Property Description
READY MADE INVESTMENT OPPORTUNITY | CURRENTLY WITH TENANT IN SITU PAYING £395pcm | ROLLING PERIODIC AST | GROSS YIELD OF 7.3% | TWO BEDROOM S & 2 RECEPTION ROOMS | GREAT ACCESS AROUND SOUTH TYNESIDE

Originally a three-bedroom layout, this property has been smartly converted to include an additional reception room, creating a desirable dining area not commonly found in similar apartments. The front room, spacious and well-lit, is a generous main bedroom. The bathroom is conveniently situated off the main landing, an uncommon and practical layout compared to the typical positioning at the rear. The second bedroom enjoys a view of the property's front, adding to the appeal.

A standout feature is the lovely dining room area, connected to the living room by double doors. This setup offers versatile living space, easily adaptable as two separate areas or combined into one expansive room when the doors are open. The kitchen, equipped with fitted units, is accessed through the living room and leads down to a shared rear yard. Heating is provided by a gas combi boiler, and the property benefits from partial double glazing with secondary glazing to the front.

This investment is currently yielding £395pcm on a rolling periodic Assured Shorthold Tenancy (AST), with potential for rent increase. An Electrical Installation Condition Report (EICR) is already in place, adding to the value of this attractive investment.
Material Information
  • Tenure: Freehold

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South Frederick Street, South Shields

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