Ready-tenanted property with scope for renovation and rental uplift.
Three-bedroom Victorian terraced freehold with private garden
Sold with tenant in situ — immediate rental income
Price £65,000 — low-entry investment opportunity
Dated interior and visible wear; renovation recommended
Very deprived area; above-average local crime statistics
Excellent mobile signal and fast broadband speeds
No flooding risk; decent plot size and bay-front character
Very low council tax — reduced running costs
A three-bedroom Victorian terraced house offered freehold and sold with a tenant in situ — presented as a low-entry investment in Ferryhill. The property sits on a decent plot with a private garden, bay-windowed frontage and traditional two-storey character. There is no flooding risk and the area benefits from excellent mobile signal and fast broadband, supporting rental demand.
Internally the house shows signs of age and dated wear in living areas and will need updating to maximise rental income or resale value. The layout includes a medium-sized living room with a fireplace, a kitchen/dining area and three generously sized bedrooms upstairs. Despite some cosmetic and maintenance work required, the property offers clear potential for refurbishment and rental uplift at a low purchase price of £65,000.
Buyers should note the wider context: the neighbourhood is in a very deprived area with above-average crime statistics and predominately blue-collar terraces. These factors affect tenant profiles and local yields; however, nearby schools include an Ofsted Outstanding primary and two Good secondary schools, which supports longer-term occupier demand in parts.
This opportunity is best suited to investors or landlords seeking a hands-on refurbishment project with an immediate rental income. The combination of low council tax, fast digital connectivity and freehold tenure makes it a pragmatic purchase for those targeting yield and capital improvement rather than turnkey owner-occupation.
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