Tenanted 2-bedroom terraced house.
The property is freehold.
The property briefly comprises of entrance hall with stairs to first floor, lounge and kitchen.
First floor landing, 2 bedrooms and a bathroom.
The property is in a good area for rental properties and for first time buyers.
This property is currently let at £4,560 per annum which is £380 per month but we can increase this to £5,040 per year, £420 per month when we renew the tenancy in the name of the new buyer which will give a yield of 9%
Properties in this area can let for up to £450 pcm so there is a possibility of increasing the rent further if a new tenant was found which would give a rental yield of 10%.
We will ensure that the property is 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