>
Phalp Street, South Hetton DH6 3 bed terraced house for sale
Phalp Street, South Hetton DH6
£86,950
Phalp Street, South Hetton DH6
£86,950
Price History
Initial price | £110,000 |
26/07/24 | £108,000 |
02/08/24 | £95,000 |
08/09/24 | £93,000 |
21/01/25 | £89,950 |
20/03/25 | £86,950 |
Price Change | -20.95% |
Description
This 3-bedroom mid-terrace property in South Hetton is an exceptional investment opportunity or first-time buyer's dream, offering flexibility and strong rental potential. With vacant possession, it can be rented out for £650 per month, generating an impressive 8.48% gross yield based on a purchase price of £92,000. As a freehold property, there are no service charges or ground rent to worry about, making it a low-maintenance option. The sought-after location ensures consistent tenant interest and reliable returns, making it an attractive choice for investors or owner-occupiers alike. With its strong income potential and long-term growth opportunities, this property is a great opportunity for those looking to invest or buy their next home, so act fast before it's gone!