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SSTC

£34,950

2 Bedroom Apartment SSTC

Charles Street, Boldon Colliery

Key Features

  • buy to let investment
  • excellent price
  • tenant currently paying £4,800 per annum
  • 12 gross yield
  • two bedrooms
  • ground floor flat
  • council tax band - a
  • epc rating - c
  • leasehold
  • council tax: a

Property Description

***INVESTMENT OPPORTUNITY*** CURRENTLY GENERATING £4,800 PER ANNUM*** 12% GROSS YIELD BASED ON FULL ASKING PRICE

Introducing a fantastic investment opportunity in the heart of Boldon Colliery, South Tyneside. This ground floor, two-bedroom apartment sits strategically off the A19, providing seamless access to both north and south of the region, making it an appealing prospect for potential tenants seeking hassle-free commuting. It local amenities include reputable schools, parks, and the much sought-after convenience of an Asda supermarket, a cinema complex, and a plethora of fast food restaurants.

The property is a 2 bedroom ground floor apartment. In addition to the 2 bedrooms are a central living room, galley kitchen and family bathroom. The property also benefits from a rear yard. The property has recently benefitted from new kitchen units and the EICR is in place for the electrics, in addition the property is already rated a C on the EPC meaning it is already compliant with the future governmental plans for the private rental sector.

The property is currently tenanted and generating £400 pcm or £4,800 p.a, this apartment offers a remarkable gross yield of 12%.
 
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