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2 bed terraced house
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Our Summary
- Key Features 2-bedroom mid terraced property Sitting tenants in place Rental income: £450 pcm Annual income: £5,400 Attractive Asking Price: £60,000 Freehold tenure New roof installed in 2020 EPC Rating: D Potential for improvement due to anticipated council driven energy efficiency works (including solar panel installation) Strong rental demand area Investment Performance & Returns Gross Annual Yield Calculation The gross yield has been calculated using the rental income and the asking price
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Description
The property is a 2-bedroom mid-terraced freehold home with a new roof installed in 2020. It holds an EPC rating of D and has the potential for improvement due to local council-driven energy efficiency works, which may include installing solar panels and additional upgrades. The property is situated in the Ferryhill area, a popular residential location with good access to the A1(M) and proximity to Durham, Bishop Auckland, and Darlington, offering local shops, schools, and amenities within walking distance.