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Rose Avenue, Stanley, DH9 7RB - 9% Yield

£46,000.00

 

Rose Avenue, Stanley, DH9 7RB - 9% Yield

£46,000.00


or call: 01483 663001

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.

EPC -D

Rental figures

This property is currently let at £3,912 per annum which is £326  per month which gives a yield of 9%,

Refurbishment Work

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