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Sponsored Get a Survey — free quotes via ReallyMoving
1 bed terraced house
South Street, Spennymoor DL16
£45,000
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Sponsored — free quotes via ReallyMoving
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Our Summary
- Zero Initial Expenditure Required: The current tenant is completely happy with the house and does not require any maintenance or improvement works to be carried out
- You can take over the freehold and collect rent from day one without a costly refurbishment project
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Description
This mid-terrace property on South Street in Spennymoor is priced at £45,000. It has a gross yield of 13.33% based on its annual rental revenue of £6,000. The property comes with a long-term tenant already in place, who is happy with the condition of the house and does not require any maintenance or improvement works.
The property features a practical layout with two bedrooms and two reception rooms, located in a strong residential area near local schools, parks, and major employment hubs.