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REF: 0425

County Durham, UK

For Sale

£75,000

Property Details

Investment Details

Property Description

Off-market investment opportunity sold with sitting tenant, boasting the option to add value, increase the rent, and refinance!


Offered to investors, this spacious 3-bedroom property is conveniently located and occupies a good-size plot with gardens front and rear. You have the option to convert the front garden to off-road parking (subject to obtaining the relevant permissions), further increasing the property's value and appeal.


The current tenants have enjoyed the property for several years, never missed a payment, and are keen to stay on. The current rent is £510pcm however, this could be increased over time subject to agreement from the tenant.


Should the tenant leave, we would advise a degree of refurbishment to increase the value and rent, this could include: new roof, new kitchen, flooring throughout, decorate throughout. Option to create off-road parking. The property benefits from a brand new bathroom suite and some kitchen upgrades.


For more information and to request the walk-through video tour, contact the Property Guru team today!

Property Type

Terrace

Bedrooms

3

Bathrooms

1

Tenure

Freehold

EPC Rating

D

Sourcing Fee

£5,000

Contact Us

+44 (0)330 1336 189

Reservation Process

 

Interested in purchasing an investment property listed by Property Guru? Once you have viewed and done your due diligence on the property offered and decided you want to proceed with a purchase you will be asked to sign a 'Sourcing Agreement'. This agreement is in place to protect you as a buyer and Property Guru as a company. 

 

You will be asked to pay 50% of the 'Sourcing Fee' (deposit) upon offer acceptance on your chosen property and 50% upon exchange of contracts of the purchase. The 'Deposit' is refunded to you if the seller withdraws from the sale or if there are significant issues found on survey meaning you cannot proceed with the purchase due to it no longer being a viable investment. Full details are listed in the agreement and we are happy to provide a copy upon request before entering into any agreement.

 

Disclaimer

 

Property Guru is not a licensed investment advisor or estate agent and is not authorised by the Financial Conduct Authority to provide investment or financial advice.

 

Property Guru makes no representations and gives no warranties as to the accuracy of the information provided and potential investors should not rely on it but should take independent legal, financial or other professional advice before entering into any agreement.

 

For full terms and conditions please visit our Terms and Conditions page. Property Guru is a trading name of Simon Ellis Estates Limited (10844210).

Grosvenor House
3 Chapel Street
Congleton
CW12 4AB

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*Property Guru is not a licensed investment advisor or estate agent and is not authorised by the Financial Conduct Authority ​to provide investment or financial advice.

Property Guru makes no representations and gives no warranties as to the accuracy of the information provided and potential investors should not rely on it but should take independent legal, financial or other professional advice before entering into any agreement. For full terms and conditions please visit our terms and conditions page. Property Guru is a trading name

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