BMV in Blyth – £20k OFF Comparables

Location: Blyth, Northumberland

Property Type: Semi-Detached House (2 Bed)

Purchase Price: £70,000

Rental Income: £595pcm (existing)

Tenure: Freehold

Status: Tenanted

Strategy: Buy To Let or Refurb/Renovate

Two bed semi-detached house in the North East town of Blyth, currently tenanted at £595pcm with on street comparables (backed up by a recent sale) fetching £90,000.

Just 13 miles from Newcastle-upon-Tyne this property in reasonable condition but does need works doing long term to modernise, is a bargain price with an instant rental income.

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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.

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