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Albert Street, Chilton, County Durham, DL17 0QA - 10% rental yield

£59000.00

 

Albert Street, Chilton, County Durham, DL17 0QA - 10% rental yield

£59000.00

or call: 01483 663001

Refurbished 3-bedroom mid terrace house.

The property is freehold.

The property briefly comprises of entrance to Lounge, Kitchen and Bathroom

First floor landing, 3 bedrooms

The property is in a good area for rental properties and for first time buyers.  

EPC Rating D

Refurbishment Work. 

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.

Rental figures

This property will be let at £525pcm on a 6 Year Lease which is £6,300 per annum, which gives a yield of 10%. 

The lease will be with a local housing provider who we are already working with, to find out more about the lease holder click HERE

  • During the lease period the leaseholder will pay the council tax and utility bills, plus any tenant damage, so the property will be returned to you in its original condition less any reasonable wear and tear at the end of the lease period.
  • To secure the lease an extra £6,500 work will need to be done on the property to include extra work such as - 
    Fire Doors & Digital locks 
    Emergency Lighting
    Smoke alarm in every room
    Oven and hob
    Fire blankets
    Plug sockets at the ceiling level in every room for their camera system

A management charge of 10%+VAT is applicable, plus standard maintance of the proeprty such as the annual gas safty inspecations, following the 6 month warranty we offer to cover any snagging issues following the refurb.

To find out more about the management services that we offer please click on the following link- Services Provided by Our Trusted Local Agent

Please call us on 01483 663001 to speak to our friendly team and find out more!