Two-bedroom freehold terraced property in Durham, generating £700 PCM (£8,400 per annum), with two reception rooms, enclosed rear courtyard and EPC rating C.
Description
An excellent opportunity for buy-to-let investors to acquire this two-bedroom terraced property, offered for sale with a tenant in situ generating £700 per calendar month (£8,400 per annum). Situated within a convenient residential location in Durham, the property offers an immediate rental income and represents an attractive addition to an investment portfolio.
The accommodation is arranged over two floors and extends to approximately 74 sq m (797 sq ft), comprising an entrance hallway, spacious living room with bay window, separate dining room and fitted kitchen to the ground floor.
To the first floor, the landing provides access to two bedrooms, including a generously proportioned main bedroom, a family bathroom and a separate shower room, offering practical accommodation for tenants.
Externally, the property benefits from an enclosed rear courtyard with useful outbuildings providing additional storage space.
The property is situated on Edward Street in Durham, conveniently positioned for access to the city centre, local shops, schools and everyday amenities. Durham offers a wide range of shopping, leisure and educational facilities, together with excellent transport connections, including Durham railway station and access to the A1(M), making the location appealing to a variety of tenants.
Currently generating £8,400 per annum, the property provides an opportunity for investors seeking an established rental investment with income from completion, subject to the existing tenancy arrangements.
Property Information
Tenure: Freehold
EPC Rating: C
Current Rental Income: £700 PCM
Annual Rental Income: £8,400
Accommodation: Two bedrooms, two reception rooms, kitchen, bathroom and separate shower room
Approximate Floor Area: 74 sq m (797 sq ft)
Occupancy: Sold subject to the existing tenancy
Tenure: Freehold
EPC Rating: C
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
£3,600 inc vat payable upon the fall of the virtual gavel
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- 2 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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