This is a refurbished and tenanted 2-bedroom mid-terrace house.

The property is freehold and briefly comprises of entrance to lounge, kitchen, bathroom and stairs to first floor. The first-floor landing has 2 bedrooms. The property is in a good area for rental properties and for first time buyers. It has an EPC Rating D.

Close by to:
- Newgate shopping centre
- Morrisons
- Hospital
- Train station
- Beautiful views over the countryside

Included in the price of the property, we will ensure that this property is to a minimum of the Durham Decent Homes Standard and also to the current selective licensing conditions (durham.gov.uk) and as part of the sale we will also provide a warranty to cover any snagging issues on these items free of charge within your first 6 months of ownership.

Please note that the current pictures are examples of how it will look once we have completed the refurbishment, you can visit or receive a final walk-through video before we ask you to complete your purchase.

Rental figures:
This property can be let at £6,900-£7,200 per annum, £575-£600pcm which gives a yield of 11%.

The financials:
▪ Purchase price: £66,500
▪ GDV: £75,000
▪ Annual profit: £3,139
▪ ROCE: 18%
▪ Yield: 11%

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.