This is a well-presented tenanted 3-bedroom mid terrace house with garden. The property is freehold and with the full refurbishment already completed, this property is a portfolio investors dream. If you are a first time investor in BTL, this property will start off your portfolio and should you need the help with the management side, this can be arranged.

The property briefly comprises of entrance hall with stairs to first floor, lounge with double doors into garden, kitchen and bathroom. In the first floor landing there are 3 bedrooms.

Rental Figures:
This property is let at £6,600 per annum which is £550 per month. This gives a yield of 9%

Refurbishment work:
This property has recently been refurbished for a new tenant. All of the certificates are in date and we will ensure that it is to a minimum of the Durham Decent Homes Standard and also to the current selective licensing conditions at the point of sale.

The financials:
▪ Purchase price: £62,500
▪ GDV: £75,000
▪ Annual profit: £4,069
▪ ROCE: 32%
▪ Yield: 9%

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.