Hallgarth Terrace, Ferryhill, DL17 8HZ - rental yield 9%

£59,000.00

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Hallgarth Terrace, Ferryhill, DL17 8HZ - rental yield 9%

£59,000.00

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or call: 01483 663001

Refurbished and tenanted 2-bedroom terraced property.

The property is freehold.

The property briefly comprises of entrance hall with stairs to first floor, lounge, kitchen and bathroom

First floor landing, 2 bedrooms.

The property is in a good area for rental properties and for first time buyers.

Terraced properties around Hallgarth Terrace had an overall average price of £75,000 over the last year.

EPC Rating is a C

Rental figures

This property is currently let at £5,400 per annum which gives a yield of 9%. Please note that we are expecting rents in the area to increase from April 2024 as ther local housing authority rates are increasing but we are not sure what exact effect this will have yet.

To find out more about the management services that we offer please click on the following link - services-provided-by-ready-to-rent

Refurbishment Work

Fully refurbished in 2021 including a new damp proof course with a 25 yr warranty and a new boiler. For more information please click on the following link - refurbishment-process

We guarantee that all of the certificates are in date and the property is to a minimum of the Durham Decent Homes Standard and also to the current Selective licensing conditions (durham.gov.uk) at the point of sale