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Park Road, Stanley, DH9 7QE - 11% Yield

£43,999.00

 

Park Road, Stanley, DH9 7QE - 11% Yield

£43,999.00

or call: 01483 663001

Refurbished and Tenanted 2-bedroom ground floor flat.

This property has 999 yr Tyneside lease with a peppercorn charge (no service charge or leasehold to pay).

The property briefly comprises of entrance hall, Lounge, kitchen, bathroom and 2 bedrooms.

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

EPC D

Rental figures

This property is to be let at £4,800 per annum which is £400 per month. This gives a yield of 11%.  To find out more about the management services that we offer please click on the following link - services-provided-by-ready-to-rent

Refurbishment Work

We will ensure that this property is to a minimum of the Durham Decent Homes Standard  and also to the current Selective licensing conditions (durham.gov.uk).  This work includes electrical upgrade,  new bathroom, new kitchen, redec and flooring, and as part of the sale we will also provide a warranty to cover any snagging issues on these items free of charge within your first 6 months of ownership.

The pictures used are an example of the finished work as the refurbishment is still in progress.

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