Two-bedroom portfolio investment in Cramlington

This superb investment opportunity is situated in the heart of Cramlington, offering excellent community amenities and commuter links. The property consists of two separate flats within a single building, accompanied by two garages and gardens to the front and rear, making it an attractive proposition for investors or landlords seeking to expand their portfolio. The ground floor flat is currently tenanted, yielding a reliable rental income of £500 per calendar month. The upper flat, available with vacant possession, holds a strong potential rental value of approximately £650 per calendar month. Both properties benefit from practical layouts and offer scope for further enhancement, providing excellent potential to maximise returns. Two garages are included, providing an opportunity to let separately at approximately £60 per calendar month each. The rear garden offers outdoor space for both flats, ideal for tenant enjoyment. Cramlington is perfectly placed for modern living, with local amenities close by. The Manor Walks Shopping Centre offers a great selection of high street shops and eateries, while leisure activities can be found at the Concordia Leisure Centre and within the greenery of Alexandra Park. Families are well catered for with outstanding local schools, and excellent transport links provide swift access to Newcastle city centre, the A1, and the nearby coast. Please note the property comes with a short lease of 46 years, so it is suitable for cash buyers only. There may be the potential to purchase the freehold. This is a unique chance to acquire a compact portfolio in a popular area, with immediate income and exciting scope for future development.