Surtees Street, Bishop Auckland DL14 2 bed terraced house for sale

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Surtees Street, Bishop Auckland DL14 2 bed terraced house for sale

Surtees Street, Bishop Auckland, DL14
£50,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment potential detailed below (Let Property Pack)

Description

This 2-bedroom mid-terrace house in Bishop Auckland is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a spacious lounge, two bedrooms, and convenient storage. Currently, it produces an annual gross income of £5040, but with a new owner, this could be increased to a market rate of £6264 with long-term tenants already situated. The tenants, who have lived in the property for several years, have consistently paid their rent and have no plans to move out. With a worthwhile addition to an investor's portfolio, this property is a great opportunity for those looking to generate rewarding rental returns.