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2 bedroom terraced house for sale
15 Bertha Street, Ferryhill, County Durham, DL17 8AZ
£38,000
15 Bertha Street, Ferryhill, County Durham, DL17 8AZ
£38,000
Our Summary
- Guide Price £38,000 - £55,000 * PLUS 5% BUYERS PREMIUM OR MINIMUM OF £5000 + VAT For sale by unconditional online auction on the 26th of February 2025
- 2 Bedroom Terrace Property For Sale By Online Auction Description Location: 15 Bertha Street, Ferryhill, County Durham, DL17 8AZ Property Type: 2-Bed Terraced House Bedrooms: 2 Bathrooms: 1 Tenure: Freehold Status: Vacant Investment Strategy: Buy-to-Let For a closer look at this property, a video tour is available upon request, allowing you to explore the property
- Key Features High-Yield Investment Strong ROI from Day One Stable Rental Market with Strong Demand Low Maintenance, Turnkey Investment Opportunity Close to Key Transport Links, Shops & Amenities Full Legal Pack Available for Quick Purchase Completion in as little as 28 Days Projected Investment Figures (If Market Rent is Achieved) Market Rental Potential: £525 PCM / £6,300 PA Projected Gross Yield: 13
- 69% Potential for Capital Growth: Medium Value-Add Potential: Secure long-term tenancy with rental growth potential
- Capital Growth Potential: Strong rental market with potential for future appreciation
- Desirable Rental Location with Consistent Demand No Chain Fast, Hassle-Free Completion Available Low Maintenance, Turnkey Investment Opportunity Interested
Description
This 2-bedroom terraced house is being sold by online auction with a guide price of £38,000-£55,000 plus a 5% buyer's premium or a minimum of £5,000 + VAT. The property is located in Ferryhill, County Durham, and is being sold as a buy-to-let investment opportunity. The property is vacant and in need of some renovation, but has a strong rental potential with a market rent of £525 per calendar month or £6,300 per annum. The projected gross yield is 13.69%, making it an attractive investment opportunity for those looking to generate passive income. The property is close to key transport links, shops, and amenities, and has a stable rental market with strong demand. The vendor is looking for a quick sale and is offering a fast completion in as little as 28 days.