Phalp Street, South Hetton DH6 3 bed terraced house for sale

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Phalp Street, South Hetton DH6 3 bed terraced house for sale

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!