2 bed flat

This two-bedroom first-floor flat is being sold via an unconditional online auction with a buy-it-now price of £60,000 plus auction fees. The property is located in the popular town of Blyth, north of Newcastle, and has a sitting tenant paying £550 per month, generating a yield of 11% on the purchase price. The flat has recently undergone a full internal update and is presented in good condition throughout. The accommodation consists of an entrance vestibule, landing, lounge, kitchen, bathroom, and two bedrooms. The property is sold with a Tyneside lease on a 999-year term, with 966 years remaining, and a peppercorn rent, making it an attractive, readymade investment opportunity with immediate income generation.