Kitchener Terrace, Ferryhill, DL17 8AX - 10-11% Rental Yield

£53500.00

 

Kitchener Terrace, Ferryhill, DL17 8AX - 10-11% Rental Yield

£53500.00


Refurbished and Tenanted 2- Bedroom Mid-terrace House.

Property Details

  • The property is freehold.
  • The property briefly comprises of entrance to stairs to first floor, Lounge & kitchen.
    First floor landing, 2 bedrooms and Bathroom
  • EPC Rating D
  • Boiler will be serviced and second bedroom re-painted

    Property Information Pack

Refurbishment Work

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.

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

Rental figures

This property is curently tenanted at £425pcm which will be £5,100 per annum, which gives a yield of 10%. If a new tenant was found for this property it would easily rent for £500 pcm, £6,000 giving it an 11% rental yield.

To find out more please click on the following link- Our Trusted Local Letting Partners

Location

Ferryhill is a good 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

 

 

 

 

 

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