House For Sale £50,000
Charming One-Bedroom End-Terrace House in Woodham
Discover this delightful one-bedroom end-terrace house located at Heatherburn Court, Woodham, Newton Aycliffe DL5 4UZ. This property, currently tenanted, offers a great investment opportunity or a cozy home in a peaceful and community-oriented area.
Property Features:
- One Bedroom: A comfortable bedroom providing ample space for relaxation.
- Living Room: An inviting space perfect for leisure activities.
- Functional Kitchen: Equipped with modern amenities and plenty of storage, designed for practical and efficient use.
- Well-Maintained Bathroom: Features all necessary installations for convenience and comfort.
- Storage Space: Convenient storage options to keep the living area uncluttered.
- Local Area and Amenities:
Woodham, part of Newton Aycliffe in County Durham, is a residential area known for its tranquility and strong community spirit. The area offers various local amenities including shops, pubs, and community centers. Residents can enjoy nearby parks and recreational facilities.
- Schools: The area is served by several schools, such as Woodham Academy and Aycliffe Village Primary School, providing education for all age groups.
- Transport Links: Woodham is well-connected via local bus services and easy access to major roads ensures convenient travel.
- Local Services: Various dining options and local shops ensure a vibrant community life.
Investment Potential:
This property is currently occupied with a tenant, promising immediate rental income. The tenancy terms include a rent of £375 per calendar month, and the tenant has been in place for a while.
Rental Yield:
To calculate the rental yield:
- Annual Rent = £375 * 12 = £4,500
- Purchase Price = £50,000
- Yield = (Annual Rent / Purchase Price) * 100 = (£4,500 / £50,000) * 100 = 9%
This makes it an appealing option for investors seeking a steady return, with a yield of approximately 9%. Comparable properties in the area have shown consistent appreciation, indicating a strong market presence.
Energy Efficiency:
The property has an EPC rating of C, ensuring good energy efficiency.
