Victoria Street, Shildon, DL4 1PE - 10% Rental Yield

£55000.00

 

Victoria Street, Shildon, DL4 1PE - 10% Rental Yield

£55000.00


Refurbished and Tenanted 2- Bedroom Mid-terrace House.

Property Details

  • The property is freehold and backs onto a wide open space.
  • The property briefly comprises of entrance to Lounge, and kitchen / diner.
    First floor - landing, 2 bedrooms and a bathroom.
  • EPC C
  • Well looked after property, recently had new capets and a new boiler Dec 2024 

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 currently let to long term tenants at £420pcm which is £5,040 per annum, which gives a yield of 9%.  We are able to increase this amount when the next owner takes over to £475 pcm which is £5,700 pcm which will give it an 10% rental yield. 

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

Location

Easington 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: 

Latest News

View all news »