Tenanted 2-bedroom terraced house on a street with a sea view!
The property is freehold.
The property briefly comprises of entrance hall with stairs to first floor, lounge, dining area, kitchen and bathroom.
First floor landing, 2 bedrooms.
EPC E but we are doing a new report and it should now recieve to a C/D.
The property is in a good area for rental properties and for first time buyers.
This property is currently let at £4,560 per annum which is £380 per month but we can increase this to £4,656 per year, £388 per month when we renew the tenancy in the name of the new buyer which will give a yield of 10%
Properties in this area can let for up to £420 pcm so there is a possibility of increasing the rent further if a new tenant was found.
This property had a full redecoration in 2018 including a damp proof course, electrics and a new boiler . We will ensure that the property is to a minimum of the Durham Decent Homes Standard and also to the standard for the current selective licensing conditions, at the point of sale. The current Tenant has been there since it was refubished and is keeping the property in good condition.
For more information please click on the following link - refurbishment-process