£45,000
1 bed terraced house for saleSouth Street, Spennymoor DL16
1 bed
1 bath
Added on
Century Three LTD
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About this property
Ready Made Hands Off Investment | South Street, Spennymoor | 13.33% Gross Yield
Purchase Price: £45,000
Rental Income: £500 pcm | Total Annual Income: £6,000
If you are looking for a true armchair investment that delivers exceptional returns with absolutely zero hassle, this mid terrace property on South Street in Spennymoor is a phenomenal find. Priced at a highly accessible £45,000 and achieving an immediate double digit gross yield, this asset is the definition of a ready made buy to let opportunity.
The Financials
The investment numbers are incredibly strong, offering class leading cash flow security for an entry level freehold asset:
Current Rental Income: £500 pcm
Annual Rental Revenue: £6,000 per year
Gross Yield: A massive 13.33 percent based on the realistic purchase price.
Why This Investment Stands Out
Excellent Tenant In Situ: The property comes with a fantastic, highly reliable long term tenant already settled in place. The resident loves living here, treats the house with respect, and wishes to remain long term.
Zero Initial Expenditure Required: The current tenant is completely happy with the house and does not require any maintenance or improvement works to be carried out. You can take over the freehold and collect rent from day one without a costly refurbishment project.
Generous Living Space: The property features a practical layout comprising 2 well proportioned bedrooms and 2 separate reception rooms, making it highly desirable for small families or couples.
Strong Residential Location
Situated in a popular rental pocket of Spennymoor within the DL16 postcode, South Street benefits from consistent, long term tenant demand. It offers excellent proximity to local schools, parks, town centre supermarkets, and major employment hubs, alongside great transport connections directly into Durham and the A1M.
Opportunities to purchase a fully compliant asset with a perfect tenant already in place at this price point are extremely rare.
Secure an immediate 13.33 percent gross yield with no work required. Contact us today for more details or to arrange a purchase.
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