Parsons Road, Washington
£112,000

A superb opportunity to purchase an investment property within this new development of 40 apartments, all with modern contemporary styling and including white goods.

Situated just off the A182 in Washington, the area is undergoing a resurgence with a good deal of growth and development through regeneration.

Washingtons prime location provides excellent connectivity via the A1(M) and A19, facilitating access to major economic hubs in the North East. The North East also boasts some of the most beautiful scenery in the UK and the closeness of Coastline and Countryside is unmatched.

This location is ideal for those who appreciate the balance of urban convenience and suburban tranquillity. Washington boasts a variety of local amenities, including shops, parks, and excellent transport links, making it an attractive option for potential tenants or future homeowners.

There is a range of 1 and 2 bedroom apartments available, with varying floorplans, layouts and sizes, one to suit almost any budget. 24 of the properties are current let on 6 to 12 month AST tenancies, giving the discerning investor an immediate return on completion. Whilst others are currently being let as short stay, serviced accommodation.

Prices start from £79,950 for a 1 bedroom studio, and from £90,000 for a 2 bedroom apartment

Gross Yields are around 8%, although will vary depending on purchase price and rental income.

A £2000 non-refundable deposit is required to reserve you chosen apartment.

Please get in touch on 0191 384 0596 (Option 3) for more information and to discuss options and viewings.