Albert Street, Shildon, County Durham, DL4

Details

8% NET YIELD! TENANTED & FULLY MANAGED INVESTMENT FREEHOLD

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Current Financial Performance Rental Income: £495pcm / £5,940pa Lettings Fee 10% + VAT: £712.80pa

NET Income: £5,227.20 NET Yield: 8%

NOTE: The current letting agent has advised that there is scope to now increase the rent to £525pcm.

Mr Investa are pleased to bring to the market this tenanted and fully managed THREE BEDROOM terraced house. This would make an ideal first time buy-to-let investment or a great addition to an existing portfolio at an attractive price. Conveniently located for local shops, amenities & public transport.

Shildon is home to the National Railway Museum. The town itself offers a range of shops, bars, eateries and an extensive public transport system providing access to neighbouring towns and villages. The A689 is nearby, leading to the A1 for travel both North and South.

In brief, the property comprises: entrance vestibule, hallway with stairs to the first floor, a good size lounge with feature fireplace, separate dining room and kitchen with under stairs storage.

To the first floor, there is a landing with storage cupboard, access to three well proportioned bedrooms and a bathroom with a four piece suite.

Externally to the front of the property there is an enclosed concrete garden with retaining wall and to the rear, a yard with gated access to the rear lane.

NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.