Davy Street, Ferryhill, DL17 8PN - 10% Rental Yield

£62000.00

 

Davy Street, Ferryhill, DL17 8PN - 10% Rental Yield

£62000.00


Refurbished and Tenanted 2 - Bedroom Terraced House.

Property Details

  • The property is freehold
  • The property briefly comprises of entrance, Living room with dining area and kitchen.
    First floor - landing, 2 bedrooms & a bathroom
  • EPC D (only 1 point off a C)

Property Information Pack

 

Refurbishment Work

The previous occupier has taken good care of the property so not much refurb is needed but we will still ensure that this property meets or exceeds the Durham Decent Homes Standard , and also to the current Selective licensing conditions (durham.gov.uk) and as part of the sale we will also provide a warranty to cover any snagging issues on these items free of charge within your first 6 months of ownership.

To find out more please click on the following link - Refurbishment Work

Please note that the pictures have been taken while the property is occupied but you will be buying it empty with a new tenant so none of the current furniture will be included.

Rental figures

This property will be let to a new tenant at £500- £525pcm which is £6,000 - £6,300 per annum, which gives a yield of 10%. 

This tenant will be suitable for Insurance Backed Rental Guarantee.

We will also set up the ongoing management for you -  Services Provided by Our Trusted Local Agents

Location

Ferryhill is a great area for rental properties and for first time buyers.  

LINK TO GOOGLE MAPS 

To find out more please click on the following link - High Yield Locations in County Durham

 

or call: 

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