Overview
Two-bedroom leasehold flat on Arnold Street, Boldon Colliery NE35. Fully tenanted at £493 pcm — 10.2% gross at the £58,000 asking price. Sub-£60K entry point with double-digit yield is one of the strongest raw yield plays in the BTL stock.
The Deal
Boldon Colliery is sandwiched between Washington and South Tyneside — accessible to employment hubs in Sunderland, Gateshead and Durham. At £58,000, cash purchasers are getting a 10%+ yield with minimal capital at risk. Leasehold — confirm remaining term and service charge with solicitor before proceeding.
Key Numbers
Asking Price: £58,000 | Rent: £493 pcm | Gross Yield: 10.2% | Tenure: Leasehold | Bedrooms: 2 | Status: Tenanted
Investment Pack
Pack includes the AST, leasehold details, EPC, and a leveraged return model at current BTL rates. Sent same-day on request.