Paxton Street, Ferryhill, DL17 8NU - 9%-10% Yield

£58,000.00

1 Paxton Street dining area complete.jpg

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Paxton Street, Ferryhill, DL17 8NU - 9%-10% Yield

£58,000.00

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or call: 01483 663001

Details

Tenanted 3-bedroom end terraced house with parking available in rear yard.

The property is freehold.

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

First floor landing, 3 bedrooms and a bathroom.

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

EPC Rating C

Rental figures

This property is let at £4,920 per annum which is £410 per month. This gives a yield of 9%, but if the tenant moves out and the property is frshly refurbished the property could achieve £475 pcm which is £5700 per annum.

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

*This property is currently tenanted and the tenant is happy with the decor as it is, however if this tenant moves out within the first 6 months, we will paint this property in our standard finish. The cost of this is included in the price of the property. The photos we are currently using are examples from another property we refurbished on the same street.

All of the certificates are in date and it is to a minimum of the Durham Decent Homes Standard and also to the current selective licensing conditions 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