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£67,000

Braithwaite Street, Shildon, County Durham, DL4

  • 3 beds
Terraced house

£67,000

  • 3 beds
Terraced house
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Estimate monthly mortgage payment:

£306 per month

Minimum deposit amount:

£3,350
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This well-presented three-bedroom mid-terrace property offers an excellent investment opportunity with a long-standing tenant in place. The current tenant has been residing at the property for nine years and has expressed a desire to remain. They are willing to increase their rent to �560 per calendar month, providing a strong 10% yield from day one based on the proposed rental income. Internally, the property features a practical layout comprising an entrance hall, a spacious lounge, a separate dining room, and a fitted kitchen on the ground floor. Upstairs, there is a landing leading to three good-sized bedrooms and a family bathroom. The home is equipped with a modern Baxi boiler that still has over four years remaining on its warranty, ensuring efficient heating and peace of mind for the new owner. An Electrical Installation Condition Report (EICR) was carried out in September 2022, and the property benefits from mains-wired smoke, heat, and carbon monoxide detectors. Externally, there is a private rear yard. The property is Iin a quiet street and is not overlooked to either the front or the rear, offering a greater sense of privacy. This is a low-maintenance, tenant-ready investment with stable rental income and solid compliance standards already in place, making it an ideal addition to any landlord's portfolio.

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£306 per month
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Mortgage and legal costs:
£999
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