Lanark Terrace, Ferryhill, DL17 8JA - rental yield 9%

£59,500.00

Managed High yield property for Sale – Refurbished SOLD.jpg

High yielding tenanted property in Ferryhill Lanark Terrace external front.jpg

High yielding tenanted property in Ferryhill Lanark Terrace lounge.jpg

High yielding tenanted property in Ferryhill Lanark Terrace Kitchen.jpg

High yielding tenanted property in Ferryhill Lanark Terrace bathroom.jpg

High yielding tenanted property in Ferryhill Lanark Terrace bedroom.jpg

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Lanark Terrace, Ferryhill, DL17 8JA - rental yield 9%

£59,500.00

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or call: 01483 663001

Refurbished and Tenanted 2 bedroom terraced house.

The property is freehold.

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

First floor landing, 2 bedrooms and a bathroom.

EPC E Currently but we will be getting a new one done after refurb and this should increase to D/C

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

Properties in Lanark Terrace had an overall average price of £72,900 over the last year.

Rental figures

This property is currently let at £5.280 per annum which is £440 per month with a happy tenant, this will give a yield of 9%.

Refurbishment Work

We will be refurbishing this property 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, and as part of the sale we provide a warranty to cover any snagging issues on these items free of charge within your first 6 months of ownership.

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