2 bedroom terraced house for sale

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2 bedroom terraced house for sale

Lansbury Drive, Birtley DH3
£89,000

Price History

Initial price £95,000
17/12/24 £89,000
Price Change -6.32%

Description

This 2-bedroom terraced house in Birtley is a rare find for investors, offering a perfect blend of immediate income and long-term capital growth. The property is currently tenanted, generating a current yield of 6.63%, with potential to increase to 8.21% with a rent increase. Located in a sought-after area with excellent transport links, schools, and shops nearby, the property is highly attractive to potential tenants. With a current rent of £525 and potential rent of £650, this property is a landlord's dream, offering a steady stream of income and minimal vacancy rates. With its long-term tenant already in place, this property is an excellent opportunity for investors to enhance their portfolio and capitalize on its high-performing potential.