This fantastic semi-detached house is offered unfurnished and comprises of a spacious living room which includes 2 large windows, allowing for lots of natural light; a fitted kitchen with plenty of worktop and storage space; 2 generously sized double bedrooms; and a bathroom with a bath, shower and sink and a separate room for the toilet. This property also benefits from a large driveway and a huge back garden which boasts amazing views of the surrounding fields.
This property is located in the small town of Peterlee in County Durham. Residents of Peterlee are spoilt for choice when it comes to travelling to nearby cities with Durham, Sunderland and Middlesbrough only a 30 minute drive away and Newcastle only 45 minutes away, meaning that this property would be perfect for commuters into any of these places. For those who prefer a quiet day away from the hustle and bustle of a city, the Durham Heritage Coast is only a 5 minute drive away from this property, offering incredible views of the coastline and North Sea as well as a picturesque coastal footpath to enjoy.
Durham has been named as a buy to let hotspot as house prices have been consistently slightly lower than median prices for the North East, which are well below those for England as a whole. Overall, prices have increased from £47,500 in 2000 to £100,000 in 2015, an increase of 111% which continues to grow. House prices are continuing to rise in the area and have seen an increase of 12% alone in the most recent times (Zoopla – October 2018) making for a great investment opportunity.
Gross rent: £5,280 Ground rent: £0 Service charge: £0 Lettings fees: £760 Net income: £4,520 Gross yield: 9.1% Net yield: 7.79%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period. These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
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Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
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