Craddock Street, Spennymoor DL16 3 bed end of terrace house for sale

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Craddock Street, Spennymoor DL16 3 bed end of terrace house for sale

Craddock Street, Spennymoor DL16
£75,000

Our Summary

  • An attractive investment opportunity offering strong rental returns

Description

This three-bedroom end-of-terrace property in Spennymoor is an attractive investment opportunity offering strong rental returns. Currently tenanted at £595 per month, the property boasts a freehold title, low-maintenance outdoor space, and is situated in a popular residential street. With a guide price of £75,000, the property yields a gross return of approximately 9.52%. The property is well-positioned for long-term tenants, with easy access to local amenities, schools, and transport links, including regular bus services and nearby Durham railway station. The property is also compatible with halal mortgage structures, making it an attractive option for investors seeking a profitable and Shariah-compliant investment.