Tenanted 1-bedroom terrace house.
The property is freehold.
The property briefly comprises of entrance hall with stairs to first floor, lounge, kitchen and bathroom.
First floor landing, 1 bedroom.
The property is in a good area for rental properties and for first time buyers.
This property is currently let at £3,912 per annum which is £326 per month which gives a yield of 9%,
The tenant is happy with the decor so we will make sure that the property is up to a minimum of the Durham Decent Homes Standard before you complete your purchase.. We would recommend a refurb of approx. £3-5k if the tenant decides to move out which would then uplift the expected rental income to £5,040 per annum which is £420 pcm. and would then be a 10% rental yield.
For more examples of our completed properties please click on the following link - refurbishment-process