Twelfth Street, Peterlee, SR8 4Q8 - 12% Rental Yield

£65000.00

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Twelfth Street, Peterlee, SR8 4Q8 - 12% Rental Yield

£65000.00

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Refurbished and Tenanted 4- Bedroom Mid-terrace House.

Property Details

The property is freehold
The property briefly comprises of entrance to a downstairs bedroom, kitchen/ living area and bathroom.
First floor - landing, 3 bedrooms
EPC C
Refurbished throughtout including new kitchen, new bathroom & a new boiler

Property Information Pack

Refurbishment Work

We will ensure that this property is at the Durham Decent Homes Standard or above, 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 will be to a 2yr Government Backed Relocate tenant at £655pcm which is £7,860 per annum, which gives a yield of 12%.

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

Location

LINK TO GOOGLE MAPS

Horden is a village located in County Durham, situated on the North Sea coast just outside of Peterlee. Horden used to be a mining village up until the closure of the colliery in 1987. The village is connected to the neighbouring villages of Blackhall Colliery and Blackhall Rocks by an impressive rail viaduct spanning Castle Eden Dene. In recent years there has been a redevelopment project in and around the local area, which has seen the Memorial Park and the Welfare Park (home to local football, rugby and cricket teams) awarded Green Flag Status and the park recognised with the Green Heritage Award. The park now provides people with a basketball / tennis court, children’s play areas and a bandstand as well as gardens to walk through. There are several Primary and Nursery schools in the area

Horden railway station opened in 2020, it runs on the Durham Coast Line, between Seaham, Sunderland and Newcastle to the North and Stockton and Middlesbrough via Hartlepool to the South. This train station has improved transport links, offering new commuting and leisure possibilities and providing opportunity for economic growth.

The busy town center of Peterlee is just over a mile away and boasts Castle Dene Shopping Centre with over 80 retail shops and services, including Argos, Asda, Boots, Iceland, Lidl, McDonalds and many independent retailers. The Durham Constabulary is also based here.

Please call us on 01483 663001 to find out more