103 SALISBURY ST

BLYTH

Two-story brick building with black front door, white trim, and two second-story windows, located on Salisbury Street.

INVESTMENT HIGHLIGHTS

• £55,000 purchase price
• £5,700 current annual rental income
• 9% net return
• 10.36% gross return
• Existing tenant in place
• 12-month AST
• £475 pcm current rent
• Two-bedroom first-floor flat
• Gas central heating
• uPVC double glazing
• 999-year lease from 29 May 1985
• Peppercorn ground rent
• No service charge
• No onward chain
• Tyneside lease arrangement

ABOUT 103 SALISBURY ST

Residential Estates are pleased to offer this well-priced two-bedroom first-floor investment flat in Blyth, providing an attractive opportunity for investors seeking a low-entry-cost property with an existing tenant and immediate rental income.

The property is currently occupied under a 12-month Assured Shorthold Tenancy at £475 per calendar month, producing a current annual rental income of £5,700. The tenancy commenced in October 2025.

At a purchase price of just £55,000, the property offers a gross return of 10.36% and a net return of approximately 9%, after ongoing management costs.

The property is a two-bedroom upper-floor flat situated on Salisbury Street, within easy reach of Blyth town centre and the Northumberland coastline. It benefits from gas central heating and uPVC double glazing and comprises an entrance vestibule, first-floor landing, lounge, fitted kitchen, two bedrooms and a family bathroom/WC.

Graphic of a stack of British pound banknotes with a '£2' symbol in the center.

Price £55,000

Outline of a house with a sloped roof, with the word 'HOME' inside, written in a green neon style.

Residential

Green line graph with an upward trend, magnifying glass with a British pound symbol, indicating financial growth or analysis.

9% NET Yield

Outline drawing of a hand holding a house icon, with a roof and walls, in green color.

999-Year Lease

A small kitchen with white cabinets, black countertops, a window over the sink, and a door at the back leading outside.

Empty room with white walls, a window, a radiator, and dark carpet flooring.

Empty room with white walls, a window, a radiator below the window, and dark carpeted floor.

Empty white-walled room with a window, black carpet, radiator, and a door.

Bathroom with toilet, small sink, bathtub, window, tiled walls, wood-textured flooring.

Back alley with brick building, metal staircase, and two trash bins, one green and one black, on cracked concrete ground

Brick house with two windows on the upper floor and a white front door with a window on the lower floor. Street sign reads 'Salisbury Street' at the corner of the building.