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Reading Street, West Cornforth, DL17 9LH - 9-10% rental Yield

was £58000.00

£56500.00

 

Reading Street, West Cornforth, DL17 9LH - 9-10% rental Yield

was £58000.00

£56500.00

or call: 01483 663001

Details

Tenanted 2-bedroom terraced property.  The property is freehold.

The property briefly comprises of entrance to lounge,  and kitchen and stairs to first floor.

First floor landing, 2 bedrooms and a bathroom

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

EPC Rating is a D

Rental figures

This property is currently let at £5044  per annum which is £420  per month, which  gives a yield of 9%.  
It could be let at £5,400 per annum, £450 per month, with a new tenant which would give it a 10% rental yield.

Refurbishment Work

This property was originally refurbished in Feb 22 and has been well looked after.  All of the certificates are in date and it is to a minimum of the Durham Decent Homes Standard  and also to the current selective licensing conditions at the point of sale.

For more information please click on the following link - refurbishment-process