1 bed semi-detached house

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1 bed semi-detached house

Dorset Avenue, Chester Le Street DH3
£95,000

Price History

Initial price £115,000
09/01/25 £100,000
20/03/25 £97,000
18/04/25 £95,000
Price Change -17.39%

Description

This 3-bedroom, 1-bathroom freehold property in Britley, DH3, offers a solid investment opportunity with a long-term tenant of 15 years, who is happy to accept a rent increase to £600 per month. The property currently generates £550 per month, with potential for further yield growth to £650 per month. With a purchase price of £100,000, the property provides a strong gross yield of 7.2%. As a freehold property, there are no additional ground rent or service charges, ensuring lower overheads. The tenant's proven track record and willingness to accept the rent increase provide confidence in a stable investment, making this property an ideal choice for investors seeking a reliable, long-term rental income with minimal hassle.