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1 bedroom apartment for sale
Newton Street, Ferryhill, County Durham, DL17
£45,000
Newton Street, Ferryhill, County Durham, DL17
£45,000
Our Summary
- The ground floor apartment generates a rent of £385pcm, while the top floor apartment generates a rent of £310pcm (potential to increase to £385pcm) making a yield of around 15%
- Council Tax - Band A - Durham CouncilThis property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")
Description
Holbrook & Co Sales and Lettings are offering two apartments with tenants in situ, a ground floor and first floor property, through iamsold LIMITED. The apartments feature a living room, kitchen, bathroom, and one bedroom, with a private courtyard to the rear for the ground floor apartment. The ground floor apartment generates a rent of £385 per calendar month, while the top floor apartment generates £310 per calendar month, with potential to increase to £385 per calendar month, yielding around 15%. The property is being sold freehold and is located in an area with Council Tax band A, as assessed by Durham Council. The sale is being conducted through the Modern Method of Auction, with a reservation period of 56 days.