1 bedroom apartment for sale

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1 bedroom apartment for sale

Newton Street, Ferryhill, County Durham
£40,000

Our Summary

  • Fantastic investment opportunity sold vacant & tenanted possession
  • Council Tax - Band A - Durham CouncilEPC rating - C This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")

Description

This is a fantastic investment opportunity to purchase a ground-floor apartment with a large lounge space, king-size master bedroom suite, and modern fitted kitchen, as well as a first-floor apartment with a generous sized lounge/kitchen/dining space, family bathroom, and large bedroom suite. The property has been converted from a terraced house into two high-quality apartments, each with potential rental value of £300 PCM (£600 together/ £7200 per annum) and a yield of 16%. The property is freehold and Council Tax is Band A. The property is being sold through iamsold LIMITED using the Modern Method of Auction, with the buyer and seller required to complete within 56 days of the Reservation Period.
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