2 bedroom flat for sale

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2 bedroom flat for sale

West Street, Birtley, Chester Le Street, DH3
£69,950

Price History

Initial price £75,000
13/07/24 £69,950
Price Change -6.73%

Description

This investment opportunity presents a tenant-occupied property with a 500pcm rental income, yielding 8.57% gross against the asking price. The property features an entrance lobby, hall, two bedrooms, lounge, kitchen with appliances, and a fully tiled bathroom with shower over bath. The property also benefits from a front garden and rear yard, combination gas heating, and double glazing. Notably, the flat falls into Council Tax Band A and is on a 999-year lease from 1986, with no ground rent or service charges payable. With approximately 961 years remaining on the lease, this property offers a stable and lucrative investment opportunity.