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South Street, Spennymoor DL16 3 bed terraced house for sale
South Street, Spennymoor DL16
£75,000
South Street, Spennymoor DL16
£75,000
Our Summary
- With potential returns of approximately £2,300 per calendar month, this equates to an attractive £27,600 per annum
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
- With potential returns of approximately £2,300 per calendar month, th
Description
This prime new listing is a recently renovated three-bedroom terraced house in a highly sought-after location in Spennymoor. The property features a welcoming living space, dining room, and sleek kitchen, as well as three spacious bedrooms and a contemporary family bathroom. With its vacant status and walk-in condition, it's ideal for first-time buyers, families, or shrewd investors seeking an easily lettable property. The area is known for achieving impressive rental incomes, with potential returns of £2,300 per month, equivalent to £27,600 per annum, and a gross return of 30.6% at the guide price. The property is being offered at a fantastic discount to ensure a sale, making it an attractive opportunity for savvy investors. With excellent sales evidence in the area, this property is sure to appeal to anyone looking for a straightforward purchase with excellent upside potential.