Railway Terrace North, Houghton Le Spring, County Durham, DH4

Property Details: • Type: Terraced • Tenure: N/A • Floor Area: N/A

Key Features: • Two Bedroom Terraced Property • Gross Yield Of 10.2% • Freehold Investment Property • Annual Rental Income Over £7,000 • Popular Residential Area • Large Rear Garden

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 125 Deansgate, Manchester, M3 2LH

Full Description: Pure Investor brings to the market this 2-bedroom mid-terraced property for sale at Railway Terrace North, Herrington, Tyne and Wear. The property is currently tenanted with the rental income being £595pcm (£7,140pa). A full refurbishment of the property was recently undertaken before the new tenants moved in, some of the major works that took place were a new roof, boiler, flooring throughout and decoration. The property also includes a large rear garden which has been separately let to the tenants for £20pcm (£595pcm overall).

The property comprises: a living room with new flooring, a radiator, a front window and stairs. The kitchen includes integrated appliances such as a sink/drainer, hob, cooker and extractor, tiling, new flooring, radiator and window to complete the room. The family bathroom is downstairs and includes a bath, toilet basin and sink with partially tiled walls and a frosted window. Upstairs are two bedrooms which are carpeted and decorated.

INVESTMENT INFORMATION - Offers over: £70,000.00 - Current rental income: £575.00pcm + £20.00pcm for the rental of rear garden = £595.00pcm - Annual rental income: £7,140.00 - Gross yield: 10.2% - Management fees based on average of 10%inc VAT: £714.00pa - Net income: £6,426.00 - Net yield: 9.2% - Tenure: Freehold