1 bedroom apartment for sale

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1 bedroom apartment for sale

Newton Street, Ferryhill, County Durham
£45,000

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 fantastic investment opportunity is a ground-floor apartment that is sold vacant and tenanted, with the tenant currently paying £280 per month. The property consists of a large lounge space, king-size master bedroom suite, modern fitted kitchen, and fully loaded bathroom. The first-floor apartment has a generous-sized lounge, kitchen, and dining space, a family bathroom, and a large bedroom suite. The property has been separated into two high-quality apartments, with a potential rental value of £385 per month, yielding 17%. The property is freehold and comes with an EPC rating of C. The buyer and seller will complete within 56 days of the auction, making it a great opportunity for investors.