Opportunity to purchase a terraced house in Stanley generating £4,800 rent pa & gross yield of 7.1%
£68,000
Terraced House
VES-DH9-001
INITIAL INVESTMENT
£21,540
Based on
deposit: £17,000
stamp duty: £2,040
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£4,800
GROSS YIELD
7.1%
The property
TENANCY
Tenanted
TENURE
Freehold
2 bedrooms
1 bathroom
1 reception room
791
Unfurnished
Please note that this property is also part of a larger portfolio listing and the vendor is open to selling the units individually.
Property information
- Spread over 2 floors
- Kitchen leads out into a courtyard
- The bedrooms and bathroom are located on the first floor
- The property has been extensively refurbished, see more information below
- EPC rating C
- Monthly rental income £400
Refurbishment information
- Works on the property have just completed (August 2021) and included:
- a new roof
- rewiring
- new boiler
- new bathroom
- new kitchen with cooker
- fully decorated
- new flooring throughout
Location information
- The property is located in the Beamish area of Stanley
- Stanley city centre is 1.8 miles from the property
- There is a bus stop just 1-minute's walk away with ar regular service to Stanley or Sunderland
Tenancy
RENT
£4,800 p.a. / £400 pcm
TENANCY DEPOSIT
£0
TENANCY TYPE
AST
TENANCY AGREEMENT STARTED
11 months ago
TENANCY AGREEMENT ENDS
Periodic
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 Stanley, County Durham
Stanley is a former colliery town in County Durham. It lies 6 miles west of Chester-le-Street, 7.5 miles east of Consett, 9 miles north-west of Durham and 8.5 miles south-west of Gateshead.
The A693 goes through the town connecting it to the A1 (M) on junction 63.
The closest train station is in Chester-le-Street where train services run between London King’s Cross and Edinburgh Waverley.
Front Street is the town’s main shopping area and is home to several independent shops alongside larger chains. Every Thursday and Saturday a market is held on Front Street.
The Sustrans C2C Cycle Route runs joust south of Stanley connecting Whitehaven to Sunderland via on and off-road trails.
Stanley is also a short drive from the North Pennines, an Area of Outstanding Natural Beauty (AONB) and a UNESCO Global Geopark. There a plenty of opportunities to enjoy the spectacular landscapes and participated in any of the many activities on offer such as: walking, cycling, horse riding, canoeing, fishing, birdwatching, sailing, orienteering and many more.
John Street,
Beamish,
Stanley,
County Durham,
England,
DH9 0QW
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