Ferryhill, DL17 8BB | Investment Property for Sale | VES-DL17-001

Opportunity to purchase a house in Ferryhill generating £4,680 rent pa & gross yield of 6.7%

£70,000

End Terraced House

VES-DL17-001

INITIAL INVESTMENT

£22,100

Based on

deposit: £17,500

stamp duty: £2,100

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£4,680

GROSS YIELD

6.7%

ADD TO FAVOURITES

Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

1 bathroom

1 reception room

912

Unfurnished

Property information

  • Spread over 2 floors
  • Kitchen with access to the rear courtyard
  • Living room and separate dining room
  • Bedrooms and bathroom are on the first floor
  • EPC rating E
  • Council tax band A
  • Monthly rental income £390
  • Tenants have been in situ since July 2018

Location information

  • The property is just under 1 mile from the town centre
  • Thrislington National Nature Reserve is 2 miles away
  • Easy access to the A167 and A1(M)

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Ferryhill, County Durham

Ferryhill is a small town in County Durham in the north-east of England. It lies around 7 miles east of Bishop Auckland, 8 miles south of Durham, 13 miles north of Darlington and 17 miles west of Hartlepool.

The closest railway station is in Bishop Auckland offering hourly services to Darlington, Middlesbrough and Saltburn. The train also stops at Teesside International Airport.

Ferryhill lies near the A1(M) connecting it to London and Edinburgh. The A167 runs through the town and leads to Durham and Newcastle in the north and to Darlington in the south.

There are a number of retailers in the town, most notably around North Street and Darlington Road and a weekly Friday market is held in the town centre marketplace. A number of community events take place each year such as the summer gala, Christmas market, vintage car rally, art and photography exhibitions and many more.

Education in Ferryhill is provided by four primary schools, one secondary school and a specialist Business and Enterprise College.

Louvaine Terrace,

Ferryhill,

County Durham,

England,

DL17 8BB

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Questions?

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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