3 bedroom terraced house for sale

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3 bedroom terraced house for sale

Melville Street, Chester le Street DH3
£98,000

Price History

Initial price £100,000
24/11/24 £98,000
Price Change -2.00%

Description

This 3-bedroom mid-terraced house in Chester Le Street is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, and bathroom, and is currently generating an annual gross income of £5,700. With the potential to increase the rent to a market rate of £7,800, this property offers a worthwhile addition to an investor's portfolio. The current tenants, who have lived in the property for several years, have consistently paid their rent and have no intention of moving out, making for a smooth transition for the new owner. With its proximity to valuable amenities and the potential for increased rental returns, this property is a great opportunity for investors looking to diversify their portfolio.