Opportunity to purchase a house in Ferryhill generating £4,740 rent pa & gross yield of 7.9%
£60,000
End Terraced House
VES-DL17-001
INITIAL INVESTMENT
£19,300
Based on
deposit: £15,000
stamp duty: £1,800
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£4,740
GROSS YIELD
7.9%
The property
TENANCY
Tenanted
TENURE
Freehold
2 bedrooms
1 bathroom
1 reception room
912
Unfurnished
Please note that this property is available for cash buyers only due to its low value.
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 £395
- 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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