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Queen Street, County Durham DH2 2 bed terraced house for sale

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Queen Street, County Durham DH2 2 bed terraced house for sale

Queen Street, County Durham DH2
£38,000

Our Summary

  • * FANTASTIC INVESTMENT OPPORTUNITY ** 12, Stone Row, Grange Villa, Chester Le Street, County Durham, DH2 3NA Sold for £85,000 in August 2023, 1, Pine Street, Grange Villa, Chester Le Street, County Durham, DH2 3NA Sold for £65,000 in July 2022 *If ran as a Buy-to-Let, the property could achieve £550 - £600 per calendar month (£6,600 - £7,200 per annum), generating a fantastic gross yield of 18
  • 9% if achieved at the guide price * POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY *The property has been recently refurbished and is in walk-in condition
  • * FANTASTIC INVESTMENT OPPORTUNITY * If ran as a Buy-to-Let, the property could achieve £550 - £600 per calendar month (£6,600 - £7,200 per annum), generating a fantastic gross yield of 18
  • * POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY * The property has been recently refurbished and is in walk-in condition
  • This property is offered at a fantastic price to ensure an Auction sale
  • The property will feature in our upcoming timed online auction
  • To participate in the live auction, you must have a bidding account created

Description

We are excited to bring to market a compact 2 bed terraced house located in a sought-after area of County Durham. The property has been recently refurbished and is in walk-in condition, making it an attractive investment opportunity or a great first-time buyer home. With its compact size, it's well-suited for a short-term let or Airbnb, potentially generating a gross annual income of £24,272.50 and a gross yield of 63.87%. Alternatively, it could be run as a traditional buy-to-let, achieving £550-£600 per month and a gross yield of 18.9%. The property is located in a popular area with strong demand, as evidenced by recent sales in the local area. With its excellent transport links, local amenities, and stunning natural beauty, County Durham is a highly desirable area for residential living.