Clarence Street, Bowburn, Durham, DH6 4 bed terraced house for sale

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Clarence Street, Bowburn, Durham, DH6 4 bed terraced house for sale

Clarence Street, Bowburn, Durham, DH6
£117,955

Our Summary

  • 5% NET Yield - Government-Backed Lease Cash Buyers PreferredOverviewAn exceptional, fully tenanted social housing investment offering a 10
  • 5% NET yield - fixed income paid monthlyInitial 5-year lease term, with the option to renew and extend Fully repairing and insuring (FRI) lease - no landlord obligationsLong-term tenancy ensuring consistent incomeHands-off investment - tenant covers all repairs, utilities, and council taxStrong covenant with a reputable social housing providerCash buyers preferred - income from day oneProperty SpecificationThis property has been extensively renovated and reconfigured to meet the standards required under the social housing lease, including:Full electrical rewire and new boiler installationNew carpets throughout and full internal redecorationBrand new white goods and fully furnished throughoutComprehensive fire risk assessment completedFire door surveys and all safety certification in placeFully compliant with current housing and safety regulationsSummaryThis investment offers a secure, high-yield, and completely passive income stream in a government-supported sector
  • EnquiriesSerious cash buyers and investment agents are invited to contact
  • Ideal Investment opportunity; 10
  • 5% NET Yield - Government-Backed Lease Cash Buyers Preferred
  • 5% net Yield - Government-Backed Lease Cash Buyers Preferred

Description

This is a rare opportunity to invest in a social housing property with a 10.5% net yield, secured by a government-backed lease. The property is fully tenanted and provides a hands-off investment with guaranteed rental income, no management or maintenance costs, and no void periods. The lease is for an initial 5-year term, with the option to renew and extend, and is fully repairing and insuring, meaning the tenant is responsible for all repairs, utilities, and council tax. The property has been extensively renovated and reconfigured to meet the required standards, and is fully compliant with current housing and safety regulations. This investment offers a secure and high-yielding income stream with minimal involvement required, making it an attractive option for cash buyers and investment agents.