Tenanted 2-bedroom terraced house.
The property is freehold.
The property briefly comprises of entrance hall with stairs to first floor, lounge, dining area and kitchen.
First floor landing, 2 bedrooms and bathroom.
The property is in a good area for rental properties and for first time buyers.
This property is let at £4,800 per annum which is £400 per month. This gives a yield of 9%
Properties in this area let for up to £450 pcm so there is a possibility of increasing the rent on the next tenancy which would give a rental yield of 10%.
This property has had a new boiler and a new damp proof course in the lounge this year. 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.
For more information please click on the following link - refurbishment-process