Stanley, DH9 0QW | Investment Property for Sale | VES-DH9-001

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%

ADD TO FAVOURITES

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

2 months ago

TENANCY AGREEMENT ENDS

2/15/2022

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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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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