High-Yield Buy-to-Let Investment: Refurbished 3-Bedroom End-of-Terrace House in Easington Colliery, County Durham
Property Information Pack
An attractive property investment offering a projected 11% gross rental yield, three bedrooms and a comprehensive refurbishment, with a tenant in place following completion of the works.
Looking for a high-yield buy-to-let property in County Durham? This three-bedroom end-of-terrace house in Easington Colliery presents an exciting opportunity for property investors seeking strong rental returns and affordable investment opportunities in the North East of England.
The property is currently undergoing a comprehensive refurbishment, including a new kitchen, new bathroom, new windows, full redecoration and new carpets. Following completion of the works, the property will be let at an anticipated rental income of £550 per calendar month, providing an annual rental income of £6,600.
With significant refurbishment work being undertaken and a tenancy planned following completion, this property offers an appealing opportunity for investors looking to expand their buy-to-let portfolio without taking on the refurbishment process themselves.
Property Details
- Property Type: Three-bedroom end-of-terrace house
- Location: Easington Colliery, County Durham
- Expected Monthly Rental Income: £550
- Expected Annual Rental Income: £6,600
- Projected Gross Rental Yield: 11%
- Condition: Undergoing comprehensive refurbishment
- Tenancy: To be established following completion of refurbishment
Property Description
This three-bedroom end-of-terrace property offers investors the opportunity to acquire a refurbished rental home in Easington Colliery, County Durham.
The property is currently undergoing improvements designed to provide a refreshed interior and enhance its appeal to prospective tenants. The refurbishment will include a brand-new kitchen and bathroom, new windows, full redecoration throughout and new carpets.
With the refurbishment being completed ahead of letting, investors can benefit from having the property prepared for the rental market, without needing to organise the works themselves.
The property is expected to be let at £550 per calendar month following completion of the refurbishment, offering the potential for an attractive rental income from the outset of the tenancy.
Please note: Some photographs are illustrative examples showing how the property is expected to look once refurbishment work has been completed. They may not represent the property's current condition.
Comprehensive Refurbishment
ReadyLet is undertaking a range of improvements to prepare the property for its next occupants.
The refurbishment includes:
- New kitchen: A refreshed kitchen to enhance the property's functionality and appeal.
- New bathroom: A newly fitted bathroom as part of the refurbishment.
- New windows: Replacement windows to improve the property's overall condition.
- Full redecoration: Fresh decoration throughout the property.
- New carpets: New carpets to provide a clean, refreshed finish.
Our aim is to prepare the property for the rental market while helping investors avoid the time, expense and coordination involved in arranging refurbishment work independently.
ReadyLet will ensure that the property meets at least the applicable Durham Decent Homes Standard as part of the refurbishment process.
To provide additional peace of mind, the sale will also include a six-month warranty covering snagging issues relating to refurbishment work carried out, free of charge during your first six months of ownership.
Our aim is to help investors purchase with greater confidence, with refurbishment work completed to the required standard and support available should snagging issues arise.
Find out more about our property refurbishment process.
Rental Income and Investment Returns
With an anticipated rental income of £550 per calendar month, this property is expected to generate £6,600 in annual rental income, delivering a projected gross rental yield of approximately 11%, based on the advertised purchase price.
For investors looking for high-yield buy-to-let properties in the North East of England, this three-bedroom house offers the potential to combine regular rental income with the benefits of a comprehensively refurbished property.
Investment figures at a glance:
- Expected monthly rental income: £550
- Expected annual rental income: £6,600
- Gross rental yield: 11%
- Three-bedroom end-of-terrace property
- Comprehensive refurbishment included
- Tenancy planned following completion of the works
Gross rental yield is calculated before expenses such as maintenance, insurance, letting fees, void periods, taxes and finance costs. Actual returns will depend on the final purchase price, achieved rent and ongoing ownership costs.
Why Invest in Easington Colliery, County Durham?
Easington Colliery offers investors access to the comparatively affordable property market of County Durham, making it an area worth considering for those seeking rental properties with attractive income potential.
For investors focused on maximising gross rental yield while keeping acquisition costs in mind, the North East of England provides an alternative to higher-priced property markets elsewhere in the UK. Carefully selected properties can offer the potential for strong rental returns at a lower purchase price than many properties in more expensive regions.
This three-bedroom end-of-terrace house combines a comprehensive refurbishment with an anticipated £6,600 annual rental income and a projected 11% gross rental yield, making it an opportunity worth considering for investors exploring high-yield buy-to-let properties in Easington Colliery and County Durham.
Discover more about high-yield property investment locations in County Durham
View the property's location on Google Maps
Interested in this Easington Colliery investment property?
Contact ReadyLet today to discuss this property, request further details or explore other buy-to-let investment opportunities across County Durham and the wider North East.
