Property description
EXCELLENT INVESTMENT OPPORTUNITY. CURRENTLY LET AT £745 PER CALENDER MONTH ACHIEVING 9.4% GROSS YIELD. SOLID RENTER.We are delighted to offer for sale this large end terraced property, currently sub divided to create two self contained flats, both currently let on assured shorthold tenancy agreements achieving a total rental income of £745 per calender month. The property currently consists of a 2 bedroom ground floor flat and a 1 bedroom first floor flat, both having been tastefully refurbished to a good specification. Great location within walking distance of Houghton-le-Spring town centre, fifteen minutes' drive from Durham City, ten minutes' drive from Sunderland City Centre and easy access to both the A19 and A1(M).
43a Gertrude Street - Ground Floor Flat
Lounge - 14' 3'' x 13' 5 (4.34m x 4.09m)
Central heating radiator.
Inner Hallway
Bedroom 1 - 11' 4'' x 8' 9 (3.45m x 2.66m)
Central heating radiator.
Bedroom 2 - 12' 8'' x 9' 2 (3.86m x 2.79m)
Cupboard housing central heating boiler, central heating radiator.
Kitchen - 10' 4'' x 8' 4 (3.15m x 2.54m)
Wall and base units.
Utility room
Door to the rear yard and central heating radiator.
Bathroom - 8' 11'' x 5' 3 (2.72m x 1.60m)
White suite, bath, low level wc, pedestal wash hand basin.
43 Gertrude Street - First Floor Flat
Entrance Hall
Stairs to the first floor.
First Floor Landing
Lounge - 12' 11'' x 12' 9 (3.93m x 3.88m)
Feature fireplace and central heating radiator.
Kitchen - 10' 2'' x 8' 4 (3.10m x 2.54m)
Wall and base units, central heating boiler and central heating radiator.
Bedroom 1 - 13' 2'' x 12' 8 (4.01m x 3.86m)
Central heating radiator.
Bathroom - 8' 8'' x 8' 7 (2.64m x 2.61m)
White suite, bath, low level wc, pedestal wash hand basin and central heating radiator.
Externally
Yard
Enclosed yard to the rear accessed from the ground floor flat (43a).
Property Features :
- EXCELLENT INVESTMENT OPPORTUNITY - 9.4% YIELD WITH SITTING TENANTS
- LARGE END TERRACED PROPERTY
- CURRENTLY TWO SELF CONTAINED FLATS
- TASTEFULLY REFURBISHED THROUGHOUT
- BOTH LET ON AST AGREEMENTS
Property Info: