1 bedroom apartment for sale

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1 bedroom apartment for sale

Newton Street, Ferryhill, County Durham, DL17
£40,000

Price History

Initial price £45,000
20/12/23 £40,000
Price Change -11.11%

Description

Holbrook & Co Sales and Lettings are offering this property through iamsold LIMITED, with one apartment currently occupied by a tenant and the other vacant. The property consists of a living room, kitchen, bathroom, and one bedroom, with a private courtyard to the rear for ground floor apartments. The potential rental value of each apartment is £300 per month, totaling £600 per month or £7,200 per year, with a yield of 16%. The property is freehold and is being sold with the property, with Council Tax banded as Band A by Durham Council. The sale is being conducted through the Modern Method of Auction, requiring the buyer and seller to complete within 56 days of the reservation period.