Summary - 38 SOUTH VIEW WHEATLEY HILL DURHAM DH6 3LL
3 bed 1 bath Terraced
Auction sale with rental potential and garden space for refurbishment.
End-terrace three-bedroom home, approximately 799 sq ft
This end-of-terrace three-bedroom house (circa 799 sq ft) is offered for sale at auction and presents a clear investor or first-time buyer opportunity. The property is freehold, has front and rear gardens and is serviced by mains gas central heating; there is no flood risk. Advertised potential rental income is about £650 pcm, giving immediate letting potential in a location with local amenities and public transport links.
The house will suit a buyer prepared to complete basic maintenance and cosmetic refurbishment: the rear garden is overgrown and the property requires updating throughout. The building dates from c.1900–1929, has cavity walls, and double glazing of unknown age; electrics and other services are unverified and should be surveyed prior to purchase. Council Tax Band A means low ongoing local tax liability.
Buyers should note the material local factors: the area is classified as very deprived with high local crime levels and an ‘endeavouring social renters’ profile. Those factors will affect tenant demand, resale prospects and mortgage availability for some purchasers. For investors seeking a low-entry price and refurbishment upside, or first-time buyers able to secure auction finance, this property offers clear scope to add value.
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