A fantastic opportunity to invest in Washington, Shalstone, Tyne & Wear. No chain and tenant in situ, meaning rental income from Day 1. Strategic location between Newcastle, Sunderland, and Durham, offers strong commuter appeal.

With ongoing regeneration projects and rising rental demand, investors can expect excellent returns, as well as significant capital appreciation, with property prices in the North East projected to experience notable growth over the next five years. Savills predicts that is expected to see a cumulative house price increase of up to 25.2% by the end of 2028. The area boasts excellent transport links via the A1(M) and public transport, as well as strong local employment opportunities in manufacturing, logistics, and tech industries.

Additionally, its blend of green spaces, schools, and amenities makes it attractive for families and professionals alike. The property is a short drive from Galleries Retail Park or Team Valley Retail World, as well as Pelaw Metro Station, allowing daily convenience and ensuring it will always attract tenants.

Early viewing recommended.

Fantastic investment opportunity with tenant in situ, it also features:
• Ideal for experienced or first time investors.
• Immediate rental income of £800 p/m with no initial void periods.
• Popular location with excellent growth potential.
• No chain, streamlining the buying process and allowing for a smooth and hassle-free transaction, without the complications a chain can cause.

The financials:
▪ Purchase price: £130,000
▪ GDV: £160,000
▪ Annual profit: £2,700
▪ ROCE: 11%
▪ Yield: 6%

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.