3 bedroom semi-detached house

Phillips Close, Durham, DH6 2BW

Size: 92 sqm

Purchase price

£60,000

Size: 92 sqm

SQM

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £3,900
Lettings fees £351
Net income £3,549
Gross yield 6.5%
Net yield 5.92%

Semi-detached 2 bedroom property with 2 reception rooms and allocated parking. Tenanted for immediate income with a NET yield of 5.92%!


We are pleased to welcome to the market this spacious 2 bedroom semidetached house in the historic county of Durham.

The property features a spacious layout with a large fully fitted kitchen, 2 reception rooms and 2 double bedrooms with the added benefit of both a front and back garden. The property also comes with allocated parking. Situated close to all local amenities as well as being a short 11-minute drive to the famous and historic Durham Heritage Coast.

County Durham is situated in the North East of England and is steeped in both history and culture. The area spans from the east coast of England to the Pennies, and from “the River Tyne to the River Tees

Durham has been named the buy to let hotspot as house prices have been consistently slightly lower than median prices for the North East, which are well below those for England as a whole. Overall, prices have increased from £47,500 in 2000 to £100,000 in 2015, an increase of 111% which continues to grow. House prices are continuing to rise in the area and have seen an increase of 12% alone in the most recent times (Zoopla – October 2018) making for a great investment opportunity.

Interested in this property? Enquire today for more information

Key features

Key features

Tenanted for immediate income

Key features

Great NET yield of 5.92%!

Key features

Semi-detached property

Key features

Two reception rooms

Key features

Allocated parking

Key features

Close to all amenities

Semi-detached 2 bedroom property with 2 reception rooms and allocated parking. Tenanted for immediate income with a NET yield of 5.92%! More info...

We are pleased to welcome to the market this spacious 2 bedroom semidetached house in the historic county of Durham.

The property features a spacious layout with a large fully fitted kitchen, 2 reception rooms and 2 double bedrooms with the added benefit of both a front and back garden. The property also comes with allocated parking. Situated close to all local amenities as well as being a short 11-minute drive to the famous and historic Durham Heritage Coast.

County Durham is situated in the North East of England and is steeped in both history and culture. The area spans from the east coast of England to the Pennies, and from “the River Tyne to the River Tees

Durham has been named the buy to let hotspot as house prices have been consistently slightly lower than median prices for the North East, which are well below those for England as a whole. Overall, prices have increased from £47,500 in 2000 to £100,000 in 2015, an increase of 111% which continues to grow. House prices are continuing to rise in the area and have seen an increase of 12% alone in the most recent times (Zoopla – October 2018) making for a great investment opportunity.

  • Key features
    Tick Desktop Tenanted for immediate income
    Tick Desktop Great NET yield of 5.92%!
    Tick Desktop Semi-detached property
    Tick Desktop Two reception rooms
    Tick Desktop Allocated parking
    Tick Desktop Close to all amenities
  • 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 £3,900
Lettings fees £351
Net income £3,549
Gross yield 6.5%
Net yield 5.92%

*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.