Ford Terrace, Chilton, DL17 0JG - With 6 Year Lease - 10% Rental Yield

£69400.00

 

Ford Terrace, Chilton, DL17 0JG - With 6 Year Lease - 10% Rental Yield

£69400.00


Refurbished  2- Bedroom Mid-terrace House let to Supported Housing Company on a 6-Year Lease.

Property Details

  • The property is freehold.
  • The property briefly comprises of entrance to Lounge, Dining Area & Kitchen.
    Stairs to landing with 2 bedrooms and bathroom.
  • EPC Rating currently a D but will be a C following refurb (included in the price of the property)
  • Property will have a new kitchen & bathroom refurb, roof check & redecoration (all included in the price of the property)
  • Please note that some of the photos used are examples of how the property will look following refurbishment (before we ask you to complete your purchase).
  • Costs will be split out as per the property information pack

Property Information Pack

 

Rental figures

This property will be let at £550.00 pcm on a 6 yr lease to a Supported Living Compnay which is £6,600 per annum, which gives a yield of 10%. 
To find out more please click on the following link - Services Provided by Our Trusted Local Agents

Refurbishment Work

Following your Purchase, we will ensure that this property is to a minimum of 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.

Red supported houses need additional work on top of our usual refurb, which is detailed below and included in the quoted costs.

Fire Doors on every room
Oven and hob in Kitchen
Emergency Lighting in every room
Power in the loft and Additional Power sockets at ceiling level for every room
Keypad locks on bedrooms
Additional security on the front and back doors.
 

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

Location

Chilton is a great area for rental properties and for first time buyers.  
Selective Licence is not Required 

LINK TO GOOGLE MAPS 

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

 

 

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