2 bedroom apartment

Blair Avenue, Spennymoor DL166NY

Size: sqm

Purchase price

£75,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £5,400
Service charge £700
Net income £4,700
Gross yield 7.2%
Net yield 6.27%

yieldIt is pleased to offer to the market this two-bedroom ground-floor apartment, generating a fantastic NET yield of 6.2%, with scope for a rental increase to make it even better. This brilliant investment opportunity is located in the heart of Spennymoor, within a few minutes walk from the Town centre and local amenities.

This excellent two-bedroom apartment is located on the ground floor and is well presented throughout. It comprises of a double bedroom, spacious lounge and living space, fully fitted kitchen and three-piece white bathroom suite. Externally, the property benefits from allocated parking to the front and a communal garden to the rear.

Blair Avenue is ideally located for easy access to Durham’s city centre, which 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 30 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 have around 17,5000 students accommodation.

ATTENTION INVESTORS- GENERATE INSTANT INCOME WITH THIS TENANTED PROPERTY YIELDING OF 6.2%! - Well presented two bedroom ground floor apartment with an allocated parking space.

Interested in this property? Enquire today for more information

Key features

Key features

Investment property

Key features

NET Yield over 6%

Key features

Two well proportioned bedrooms

Key features

Allocated parking space

Key features

Ground floor apartment

Key features

Ideal location

Key features

Video available on request

Key features

Great transport links

ATTENTION INVESTORS- GENERATE INSTANT INCOME WITH THIS TENANTED PROPERTY YIELDING OF 6.2%! - Well presented two bedroom ground floor apartment with an allocated parking space. More info...

yieldIt is pleased to offer to the market this two-bedroom ground-floor apartment, generating a fantastic NET yield of 6.2%, with scope for a rental increase to make it even better. This brilliant investment opportunity is located in the heart of Spennymoor, within a few minutes walk from the Town centre and local amenities.

This excellent two-bedroom apartment is located on the ground floor and is well presented throughout. It comprises of a double bedroom, spacious lounge and living space, fully fitted kitchen and three-piece white bathroom suite. Externally, the property benefits from allocated parking to the front and a communal garden to the rear.

Blair Avenue is ideally located for easy access to Durham’s city centre, which 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 30 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 have around 17,5000 students accommodation.

  • Key features
    Tick Desktop Investment property
    Tick Desktop NET Yield over 6%
    Tick Desktop Two well proportioned bedrooms
    Tick Desktop Allocated parking space
    Tick Desktop Ground floor apartment
    Tick Desktop Ideal location
    Tick Desktop Video available on request
    Tick Desktop Great transport links
  • 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 £5,400
Service charge £700
Net income £4,700
Gross yield 7.2%
Net yield 6.27%

*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.