House For Sale £45,000
We are pleased to bring to the market this brilliantly priced investment opportunity, with an anticipated rent of £425 per month which is a spectacular 11.33% net yield. The mid-terraced property requires some slight renovation but holds the potential to make the ideal buy-to-let investment or home, as it is currently vacant. The accommodation is decorated to a good standard and carpeted throughout, comprising of a spacious living area, kitchen with breakfast bar, two bedrooms, a family bathroom with three-piece suite and a low maintenance rear yard.
Located in the village of Close House, County Durham the property is just a short distance from the nearby villages of Shildon and Eldon, where residents can enjoy easy access to local amenities, supermarkets, shops, education and healthcare facilities. The location is perfect for families and professionals looking to escape the bustle of nearby cities which are within commutable distance, with Newcastle being just a 50-minute car journey and Durham only 30 minutes. One of the UK’s top universities, Durham University which attracts 17,500 students, is also just a 20-minute drive.
County Durham is situated between Newcastle, Sunderland and Hartlepool within easy reach of everything the Northeast has to offer. It makes an excellent and affordable place to live as well as having a rich history, being home to medieval castles, Norman cathedral and 11th-century castle. It is well regarded as an area for lucrative investment, with The Telegraph noting that County Durham is an area with some of the best returns for buy-to-let property investors. Don’t miss out on this opportunity and enquire today.
Financial Breakdown
Gross rent: £5,100
Net income: £5,100
Gross yield: 11.86%
Net yield: 11.86%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-17772
Located in the village of Close House, County Durham the property is just a short distance from the nearby villages of Shildon and Eldon, where residents can enjoy easy access to local amenities, supermarkets, shops, education and healthcare facilities. The location is perfect for families and professionals looking to escape the bustle of nearby cities which are within commutable distance, with Newcastle being just a 50-minute car journey and Durham only 30 minutes. One of the UK’s top universities, Durham University which attracts 17,500 students, is also just a 20-minute drive.
County Durham is situated between Newcastle, Sunderland and Hartlepool within easy reach of everything the Northeast has to offer. It makes an excellent and affordable place to live as well as having a rich history, being home to medieval castles, Norman cathedral and 11th-century castle. It is well regarded as an area for lucrative investment, with The Telegraph noting that County Durham is an area with some of the best returns for buy-to-let property investors. Don’t miss out on this opportunity and enquire today.
Financial Breakdown
Gross rent: £5,100
Net income: £5,100
Gross yield: 11.86%
Net yield: 11.86%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-17772
