This refurbished two bedroom end terrace property is situated in the village of Wheatley Hill to the west of Peterlee, County Durham. The property offers a tenant in situ with a current rental of £450pcm equating to a rental yield of 16.4% at Guide Price. The well presented accommodation comprises lounge, dining room, two bedrooms, fully fitted kitchen and modern bathroom with separate shower cubicle. The property also offers double glazing, gas central heating, enclosed yard to rear and small area to the front. The property is fully tenancy compliant and, with tenant in situ, offers an attractive rental yield and return on investment from day one. To avoid tenant disruption there are no internal viewings offered.
The village of Wheatley Hill lies approx 6 miles to the west of Peterlee and similar distance to the east of Durham in Co Durham. The village offers a range of local shops and amenities with a greater range within easy reach in both Peterlee and Durham. Both A19 and A1(M) are close by offering excellent road links both north and south.
5 Greenhills Terrace sold £35,000 04/19
5 Woodlands Avenue sold £34,000 03/19
12 Gable Terrace sold £79,950 02/19 Purchasers notes
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.