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2 bed property, in Woods Terrace, £60,000
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2 bed flat

Woods Terrace, Murton, Seaham SR7
£60,000
+1.7%

Price History

Initial price £59,000
Jan 15, 2025 £49,000
Feb 1, 2025 £45,000
Apr 25, 2026 £60,000
Price Change 1.7%

Our Summary

  • Investment Opportunity

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Description

This investment property, sold via online auction, features a sitting tenant paying £500 per month, generating a 9.23% yield, with a minimum 3-year lease. The deceptively spacious two-bedroom first-floor flat is situated on Woods Terrace in Murton, close to shops, schools, and a bus route. The property boasts a communal entrance, open-plan kitchen/lounge, two bedrooms, including an en-suite shower room in the master bedroom, and a family bathroom.

Gas central heating and double glazing are installed throughout, and a car park is available across the street for parking. The property is tenanted and managed locally, with all necessary certificates in place.