Vincent Street, Easington, SR8 3PP - 9%-10% Rental Yield

£58,000.00

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Vincent Street, Easington, SR8 3PP - 9%-10% Rental Yield

£58,000.00

<< Back to property listings for sale

or call: 01483 663001

Details

Refurbished and Tenanted 3-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, 3 bedrooms and a bathroom.

EPC - will be getting done as part of the refurb, should be a D/C

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

Rental figures

This property is currently let at £4,800 per annum which is £400 per month but we will increase this to £5,196 per year, £433 per month, when we renew the tenancy in the name of the new buyer which will give a yield of 9%

Three bed properties in this area can let for up to £475 pcm so there is a strong possibility of increasing the rent further to a 10% yield.

Refurbishment Work

Please note that we have used an example picture for the kitchen as we are refurbishing it and we will also ensure that the whole 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