Summary - 24 ST ANDREWS SQUARE BRANDON DURHAM DH7 8NU
2 bed 1 bath Flat
Immediate income with long-term tenant and strong headline yield.
- Two-bedroom leasehold flat, approximately 506 sq ft
- Produces £7,200 pa gross income (tenant in situ)
- Headline gross yield approximately 9.6% at asking price
- Private off-street parking and shared front garden
- Small overall size; limited living space
- Located in a very deprived area with higher crime levels
- Long-term tenants unlikely to vacate soon
- Buyer’s Premium applies on purchase
Situated in Brandon, this two-bedroom leasehold flat is presented as a clear buy-to-let opportunity with an established tenant in situ. At a guide price of £75,000 and producing £7,200 pa gross, the property offers a strong headline gross yield (around 9.6%) for investors seeking immediate income.
The flat is compact (circa 506 sq ft) with a lounge, kitchen, bathroom, two bedrooms, a small front garden and private off-street parking. The current long-term tenants have a reliable payment history and intend to remain, which reduces void risk but means any investor should expect a continuing tenancy on purchase unless terms are renegotiated.
Material considerations are straightforward: the property is leasehold, in a very deprived area with a higher local crime rate, and is small in overall size. These factors affect both capital growth prospects and management requirements. A Buyer’s Premium will apply to secure purchase, and purchasers should review the Let Property Pack and tenancy documentation before committing.
For investors willing to manage tenant relationships and operate in a challenging local market, this flat provides immediate income with potential for modest rental growth. Developers or investors seeking portfolio yield may find the combination of low purchase price and occupied status particularly attractive, but budget for ongoing management and local-market risk factors.
2 bedroom flat for sale in St Andrew’s Square,Brandon,DH7 8NU, DH7 — £75,000 • 2 bed • 1 bath
3 bedroom semi-detached house for sale in Tiree Close, Brandon, DH7 8QY, DH7 — £95,000 • 3 bed • 1 bath • 966 ft²
2 bedroom apartment for sale in St. Andrews Square, Brandon, Durham, County Durham, DH7 — £70,000 • 2 bed • 1 bath • 553 ft²
3 bedroom terraced house for sale in Station Avenue, Brandon, Durham, DH7 — £142,000 • 3 bed • 1 bath • 926 ft²
3 bedroom terraced house for sale in Commercial Street, Brandon, Durham, DH7 — £70,000 • 3 bed • 2 bath • 955 ft²
3 bedroom terraced house for sale in Commercial Street, Brandon, Durham, DH7 — £70,000 • 3 bed • 2 bath • 955 ft²
