103 SALISBURY ST
BLYTH
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.
Price £55,000
Residential
9% NET Yield
999-Year Lease
