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Three bedroom mid terrace house +
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Available to Landlord or owner occupier +
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Currently tenanted - expected gross yield 7.4% per annum +
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Council Tax Band A +
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Approx. sq. ft/sq. mtr floor area +
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EPC Rating D +
This three bedroom mid terrace house is currently occupied by a tenant and is being sold by the current Landlord.
There are options for a new Landlord to take over from the existing and retain the current tenant or notice can be served on the current tenant for an owner occupier to complete with vacant possession and no onward chain.
It is expected a buyer will want to make some cosmetic changes to the property if purchased as an owner occupier such as decoration.
Expected gross rental yield would be around 7.4% per annum, at the current rental level of £495 per calendar month for any Landlord.
Access through a hallway leads to the lounge to the front and the dining room to the rear.
The galley kitchen is in an extended part to the house at the rear and leads to the rear lobby and to the ground floor bathroom.
Upstairs are three bedrooms, a large double to eth front and two singles to the rear.
The location of the property is ideal for anyone using the A1(m) north and south for commuters, anyone using the main trunk road A177 to and from Durham or by public transport to Durham. Those working at Amazon Distribution on the Integra61 industrial park would also find the location useful.
Please note that the photographs shown are historic before the current tenant moved in, to provide a guide to the internal layout and room sizes rather than the contents in situ.
Viewings are being arranged By Your Move Chris Stonock in Durham City, in conjunction with the current tenant. We respectfully ask that anyone wishing to view understands that we need to arrange a viewing through that tenant to meet their as well as the potential buyers needs.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.
QDR240256/2