3 bed terraced house

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3 bed terraced house

Phalp Street, Durham DH6
£89,950

Price History

Initial price £110,000
26/07/24 £108,000
02/08/24 £95,000
08/09/24 £93,000
09/01/25 £89,950
Price Change -18.23%

Description

This well-maintained 3-bedroom mid-terrace property offers a highly attractive investment opportunity, generating a gross yield of 5.08% at £130,000. With a long-term tenant in place, it provides a steady stream of rental income, currently £550 per month. As a freehold property, there are no ongoing service charges or ground rent to worry about, keeping costs low. With potential for rental growth to £650 per month, this property presents an excellent opportunity for increased returns. Located in a sought-after area with strong rental demand, this 3-bed mid-terrace is ready for long-term investment, offering a reliable and profitable addition to any portfolio.