2 bedroom house

Briar Close, Spennymoor, DL16 7EQ

Size: sqm

Purchase price

£75,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,000
Net income £6,000
Gross yield 8%
Net yield 8.00%

An incredible freehold investment property which is attractively priced and already tenanted yielding 8% NET! The mid terraced property offers spacious and well-kept accommodation throughout, consisting of lounge; large kitchen with a range of wall and base units; two double bedrooms bedrooms; family bathroom with three-piece suite. Externally, there is a generously sized low maintenance yard and to the front is a driveway providing off street parking.

Briar Close is ideally located for easy access to Durham’s city centre, which can be reached in as little as 20 minutes. Durham is well regarded as one of England’s most beautiful cities and was named by the Independent as one of the best cities in the world to visit in 2020. The city of Newcastle can be reached in 40 minutes, so it’s an ideal base for commuters looking for cheaper accommodation outside of the city. Durham itself is a popular university city, home to one of the UK’s top universities which attracts around 17,5000 students.

Durham is on track to be named the UK’s City of Culture 2025, it’s just one of four locations in the UK to be shortlisted and achieving this status would result in colossal social and economic benefits, create thousands of jobs, boost the economy by millions and improve the lives of residents in the community. The BBC has announced it will invest at least £25million over the next five years which will create BBC will create 70 digital jobs, increase opportunities and promote the region so now is an unmissable opportunity to invest.

INCREDIBLE FREEHOLD INVESTMENT PROPERTY YIELDING 8% NET! Don't miss out on this fantastic two bedroom property with generous yard and driveway, within easy reach of Durham and Newcastle.

Interested in this property? Enquire today for more information

Key features

Key features

Incredible investment opportunity

Key features

Already tenanted and yielding 8% NET

Key features

Freehold

Key features

Attractive mid terraced

Key features

Two spacious bedrooms

Key features

Fully-fitted kitchen

Key features

Family bathroom with three-piece suite

Key features

Generous enclosed rear yard

Key features

Driveway

Key features

Excellent location for commuters

Key features

Freehold

INCREDIBLE FREEHOLD INVESTMENT PROPERTY YIELDING 8% NET! Don't miss out on this fantastic two bedroom property with generous yard and driveway, within easy reach of Durham and Newcastle. More info...

An incredible freehold investment property which is attractively priced and already tenanted yielding 8% NET! The mid terraced property offers spacious and well-kept accommodation throughout, consisting of lounge; large kitchen with a range of wall and base units; two double bedrooms bedrooms; family bathroom with three-piece suite. Externally, there is a generously sized low maintenance yard and to the front is a driveway providing off street parking.

Briar Close is ideally located for easy access to Durham’s city centre, which can be reached in as little as 20 minutes. Durham is well regarded as one of England’s most beautiful cities and was named by the Independent as one of the best cities in the world to visit in 2020. The city of Newcastle can be reached in 40 minutes, so it’s an ideal base for commuters looking for cheaper accommodation outside of the city. Durham itself is a popular university city, home to one of the UK’s top universities which attracts around 17,5000 students.

Durham is on track to be named the UK’s City of Culture 2025, it’s just one of four locations in the UK to be shortlisted and achieving this status would result in colossal social and economic benefits, create thousands of jobs, boost the economy by millions and improve the lives of residents in the community. The BBC has announced it will invest at least £25million over the next five years which will create BBC will create 70 digital jobs, increase opportunities and promote the region so now is an unmissable opportunity to invest.

  • Key features
    Tick Desktop Incredible investment opportunity
    Tick Desktop Already tenanted and yielding 8% NET
    Tick Desktop Freehold
    Tick Desktop Attractive mid terraced
    Tick Desktop Two spacious bedrooms
    Tick Desktop Fully-fitted kitchen
    Tick Desktop Family bathroom with three-piece suite
    Tick Desktop Generous enclosed rear yard
    Tick Desktop Driveway
    Tick Desktop Excellent location for commuters
    Key features

    Freehold

  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £6,000
Net income £6,000
Gross yield 8%
Net yield 8.00%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.