Woods Terrace, Murton, Seaham... 1 bed flat for sale

>

Woods Terrace, Murton, Seaham... 1 bed flat for sale

Woods Terrace, Murton, Seaham, Durham, SR7 9AD
£34,999

Our Summary

  • sold via online auction
  • Turn-key investment opportunity

Description

This property is being sold via online auction and offers a lucrative investment opportunity for buy-to-let investors. The property is tenanted and provides a 11.8% annual rental yield, with the current tenant paying £395 per month, resulting in £4,740 per annum. The property is located on the High Street in Murton, Seaham, with excellent access to local shops, services, and transport links. The upper floor has been converted into a self-contained one-bedroom apartment with an open-plan lounge/dining/kitchen area, bathroom, and entrance hallway. The property is offered with a leasehold tenure and a 108-year lease, making it an attractive opportunity for investors seeking a long-term tenanted property with immediate rental income.