Refurbished two-bed terraced with reliable tenant and strong yield—ready for an investor..
- Working tenant in situ for two years, paying £6,900pa (over 9% gross yield)
- Newly renovated throughout, maintained to a very good standard
- Freehold terraced house, approx. 765 sq ft
- Two bedrooms, one bathroom; compact room sizes
- Small plot with limited outdoor space
- Fast broadband and excellent mobile signal
- Area classed as deprived; average local crime levels
A compact, newly renovated two-bedroom terraced house offered freehold with a reliable working tenant in situ. The tenant has occupied the property for two years and pays £6,900 per annum, producing a gross yield of just over 9% at the current price — an immediate income stream for a hands-off investor. Interiors are presented in neutral tones with quality floor coverings and fixtures throughout, so no major works are required.
Living spaces are practical and well lit, with an open-plan feel between the former reception rooms and a modest, functional kitchen. The property totals approximately 765 sq ft and sits on a small plot close to Ferryhill’s market centre. Broadband is fast and mobile signal is excellent, supporting modern lettings and remote working requirements.
Notable limitations are the compact room sizes and small external space, which may deter buyers seeking generous gardens or larger family accommodation. The property sits in an area classed as deprived with average crime levels — factors to weigh against the strong rental performance. Offered specifically with a tenant in place, it suits investors seeking immediate rental return rather than owner-occupiers wanting vacant possession.
For investors seeking a low-maintenance addition to a portfolio, the combination of recent refurbishment, a long-standing tenant and solid yield is attractive. Buyers should review tenancy terms and inspect in person to confirm condition and potential for any future rent increases or refurbishment to boost capital value.