This two-bedroom mid-terrace property presents an excellent investment opportunity being tenanted by a long-standing occupant of 18 years who is keen to remain in place and willing to pay an increased rent of £490 per calendar month, delivering a 10% gross yield from day one. The home features two reception rooms, a modern kitchen, and a ground floor bathroom. Both bedrooms are equipped with fire escape windows, and safety compliance is up to date with mains-wired heat, smoke, and carbon monoxide detectors installed. An Electrical Installation Condition Report (EICR) was completed in March 2022, providing peace of mind for the next two years. Additionally, the boiler is under warranty until January 2026. This is a low-maintenance, income-generating property ideal for investors seeking reliable returns and long-term tenancy continuity.
Agent Details
Dowen, Spennymoor
01388 311369
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