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Fern Avenue, Stanley, DH9 7QY - 7%-9% Yield

£55,000.00

 

Fern Avenue, Stanley, DH9 7QY - 7%-9% Yield

£55,000.00

or call: 01483 663001

Refurbished and Tenanted 2-bedroom mid terrace house. 

The property is freehold.  

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

First floor landing, 2 bedrooms and a bathroom.

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

EPC -C

Rental figures

This property is currently let at £3,900 per annum which is £325 per month which gives a yield of 7%, but if a new tenant is found this property would easily let at £420 pcm, £5,040 which would give a 9% yield.

 

Refurbishment Work

The property will be refurbished to a minimum of the Durham Decent Homes Standard before you complete your purchase. 

For more examples of our completed properties please click on the following link - refurbishment-process