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4 bedroom apartment for sale
Albert Street, Seaham, Durham, SR7
£139,950
Albert Street, Seaham, Durham, SR7
£139,950
Price History
Initial price | £149,950 |
09/11/23 | £139,995 |
14/12/23 | £149,950 |
07/08/24 | £139,950 |
Price Change | -6.67% |
Description
This rare investment opportunity presents a pair of fully let residential flats located in a desirable area near the seafront and town center. The properties have been refitted in recent years and boast modern fittings, combi gas central heating, and double glazing. The flats are currently rented at £450 per month, producing a healthy yield of 7.2% and are situated in an area with strong recent capital growth. The ground floor flat features a front bedroom, lounge/dining/kitchen, and rear bedroom, while the first floor flat has an entrance hall, lounge/dining/kitchen, two front bedrooms, and a rear bedroom. Both flats have modern bathrooms and are situated in a quiet area with a rear yard. With a combined annual rent of £10,800 and a council tax band of A, this investment presents a unique opportunity for investors seeking a reliable and profitable rental income.