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George Street, Shildon DL14 1JS - 8-9% Yield

£62,000.00

 

George Street, Shildon DL14 1JS - 8-9% Yield

£62,000.00


or call: 01483 663001

Details

Refurbished and Tenanted 2-bedroom terraced property (freehold).

The property is freehold.

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

First floor landing, 2 bedrooms.

 

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

 

Current EPC Rating E, but refurbishment work should increase the rating as it includes a new boiler and heating system.

Rental figures

This property will be let at £5,040-£5,400 per annum which is £420-£450  per month. This gives a yield of 8-9%.  
 

Refurbishment Work

*Please note that these photos are an example of how the property will look on completion as the property is still being refurbished at the moment.

The property is refurbished to a minimum of the Durham Decent Homes Standard.

For more information please click on the following link - refurbishment-process