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South Street, Spennymoor DL16 3 bed terraced house for sale
South Street, Spennymoor DL16
£80,000
South Street, Spennymoor DL16
£80,000
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 located in a highly sought-after area of Spennymoor. The property features a welcoming living space, dining room, and sleek kitchen, as well as three spacious bedrooms and a large family bathroom. With a vacant status, it's ideal for first-time buyers, families, or shrewd investors seeking an easily lettable property. The property has the potential to generate impressive rental incomes, with potential returns of approximately £2,300 per calendar month, equivalent to an attractive £27,600 per annum. This could yield a remarkable gross return of 30.6% for those who secure the property at the guide price. With excellent sales evidence in the area, this property presents a fantastic opportunity for savvy investors to capitalize on the high demand for properties in this location.