Baff Street, Spennymoor

£48,500
  • Ref: 11157
  • Type: Terraced House
  • Availability: Sold
  • Bedrooms: 3
  • Bathrooms: 1
  • Reception Rooms: 2
  • Tenure: Freehold
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    Property Features

    • 5 Year Lease
    • Rent £760pcm
    • 12.1% Net yield
    • Freehold
    • Council Tax A
    • EPC D

    Property Description

    NEPI are delighted to present our clients with an exceptional freehold property. Available with a government backed 5 year lease this investment offers and excellent opportunity to own a property with competitive and regular income. With the rent set at £9,124.70 pa the gross yield generated is 13.3% The property requires a refurbishment to bring it to the standard required for the lease available. Comprises of 3 bedrooms, lounge, dining room, kitchen, up stairs bathroom. Externally there is a yard to rear. Benefits from gas central heating and double-glazed windows. Situated in Spennymoor town centre this is an ideal long-term investment.
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    Contact Us

    Address
    North East Property Lettings & Management Ltd
    11 Riverside Studios
    Amethyst Rd
    Newcastle Upon Tyne
    Tyne and Wear
    NE4 7YL

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