House For Sale £50,000
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 cosy 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.
