4 bed terraced house for sale

Clarence Street, Bowburn, Durham DH6

Property Ref: 15681

Social Housing Investment - 10.5% net Yield - Government-Backed Lease Cash Buyers Preferred
Overview
An exceptional, fully tenanted social housing investment offering a 10.5% net yield, secured by a government-backed lease. This is a hands-off investment providing guaranteed rental income with no management, maintenance, or void costs.
Key Investment Highlights
Government-backed lease providing secure, guaranteed rent
10.5% net yield - fixed income paid monthly
Initial 5-year lease term, with the option to renew and extend
Fully repairing and insuring (Fri) lease - no landlord obligations
Long-term tenancy ensuring consistent income
Hands-off investment - tenant covers all repairs, utilities, and council tax
Strong covenant with a reputable social housing provider
Cash buyers preferred - income from day one
Property Specification
This property has been extensively renovated and reconfigured to meet the standards required under the social housing lease, including:
Full electrical rewire and new boiler installation
New carpets throughout and full internal redecoration
Brand new white goods and fully furnished throughout
Comprehensive fire risk assessment completed
Fire door surveys and all safety certification in place
Fully compliant with current housing and safety regulations
Summary
This investment offers a secure, high-yield, and completely passive income stream in a government-supported sector. The property is turnkey ready, with a long-term lease structure providing guaranteed rent and no management involvement required.
Enquiries
Serious cash buyers and investment agents are invited to contact.

Property Type: Terraced
Full selling price: £117955.00
Pricing Options: Fixed Price
Tenure: Freehold
Council tax band: A
EPC rating: D
Measurement:1065.63 sq.ft.
Outside Space: Front Garden, Rear Garden
Parking: On street
Heating Type: Gas Central Heating
Chain Sale or Chain Free: Chain free
Possession of the property: Na
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For viewing arrangement, please get in touch with 99home.

If calling, please quote reference: 15681

gdpr Applying for the above property means you are giving us permission to pass your details to the vendor or landlord for further communication related to viewing arrangement or more property-related information.
*Virtual viewings: Some or all information pertaining to this property may have been provided solely by the vendor/landlord, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you choose to make an offer based solely on a virtual viewing, then 99Home Ltd does not accept any liability for errors in the information provided, including but not limited to, measurements, photography and video content.

Aml: To comply with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, , who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £20 per buyer, payable direct to AMLTeam . Please note, we are unable to issue a memorandum of sale until the checks are complete.
Referral fees We may suggest reputable providers of supplementary services, such as Conveyancing, Financial Services, Insurance, and Surveying. If you choose to utilize their services based on our recommendation, we may receive a commission payment or another form of benefit, referred to as a referral fee. It's important to note that you are not obligated to engage with the services of the recommended provider.

*Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.
*General: While we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact 99home and we will be pleased to check the detailing for you, especially if you are contemplating traveling some distance to view the property.
*99home is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.

Fraud warning We have had reports of fraudulent activities in our industry. Do not make any payment directly to the landlord or the seller. Be cautious of emails or messages asking you to transfer funds to any account, please contact us by telephone immediately to verify the authenticity of the communication and under no circumstances action the request. If you paid any deposit or rent to 99home, we will release the fund to the landlord once you have moved in. Your safety is our top priority.