Guide price
£75,000
(£81/sq. ft)
3 bed terraced house for saleCraddock Street, Spennymoor DL16
3 beds
1 bath
1 reception
926 sq. ft
- Freehold
Stonebanks
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About this property
A well-presented mid-terrace investment property situated in a popular residential location in Spennymoor. Currently tenanted and generating a monthly rental income of £550, this three-bedroom home offers a strong gross yield and is ideal for buy-to-let landlords or investors seeking a steady return.
Property Features:
Three bedrooms
. One reception room
. Fitted kitchen
. Bathroom and separate W/C
. Low-maintenance rear yard
. Mid-terrace
. Freehold tenure
. Council Tax Band A
. Currently tenanted at £550 pcm
Rental Yield:
Asking price: £75,000
. Annual rent: £6,600
. Gross yield: Approx. 8.8%
. Suitable for halal mortgage structures (e.g. Diminishing Musharakah)
Location and Amenities:
Located on Craddock Street, this property is just a short walk from Spennymoor town centre, offering convenient access to shops, supermarkets, local services, and leisure facilities.
Transport Links:
Excellent connectivity via the nearby A688 and A167
. Approximately 6 miles from Durham City Centre
. Regular bus routes to Durham, Bishop Auckland, and surrounding areas
. Durham railway station provides national rail links
Schools and Education:
Nearby primary schools include Ox Close Primary and Rosa Street Primary
. Secondary education available at Whitworth Park Academy
. Nurseries and childcare services also within easy reach
This property represents a smart investment with stable rental income and strong tenant demand. Its compatibility with ethical finance structures such as halal mortgages further broadens its appeal.
To arrange a viewing or for more details, please contact Stonebanks today!
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