1 bedroom apartment for sale

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1 bedroom apartment for sale

Newton Street, Ferryhill, County Durham
£36,000

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 with vacant possession, currently tenanted and generating £280 PCM. The property has been separated from the original terraced property and offers a large lounge space, king-size master bedroom, modern fitted kitchen, and fully loaded bathroom. The first-floor apartment also features a generous lounge/kitchen/dining space, family bathroom, and large bedroom suite. Both apartments have a potential rental value of £385 PCM, resulting in a yield of 17%. The property is freehold and comes with a Council Tax band of A and an EPC rating of C. The sale will be completed through a modern method of auction, with the buyer and seller required to complete within 56 days.