2 bedroom terraced house for sale

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2 bedroom terraced house for sale

Wesley Street, Bishop Auckland, County Durham, DL14
£56,000

Price History

Initial price £60,000
24/11/24 £58,000
29/11/24 £56,000
Price Change -6.67%

Description

This 2-bedroom terraced property in Bishop Auckland is a fantastic investment opportunity for those looking to expand their portfolio. The well-kept home features a spacious lounge, kitchen, and three-piece bathroom, and is currently producing an annual gross income of £5,040. With a tenant already in situ, the new owner can expect to increase the rental income to a market rate of £6,000, making it a worthwhile addition to an investment portfolio. The current tenants have consistently paid their rent and have no intention of moving out, ensuring a smooth transition for the new owner. With its valuable amenities, rewarding rental returns, and a tenant already in place, this property is a great opportunity for investors to capitalize on the growing demand for rental properties in the area.