Summary - 28 ARTHUR STREET CHILTON FERRYHILL DL17 0PZ
3 bed 1 bath Terraced
Immediate income with strong gross yield and long-term tenant.
Three bedrooms with lounge, kitchen and bathroom (traditional layout)
A tenanted three-bedroom mid-terrace in Chilton, offered freehold with a long-term occupier in situ. The property currently produces a gross annual income of £5,400, which equates to a strong headline gross yield of around 9% at the £60,000 asking price — attractive for buy-to-let investors seeking immediate income.
The house is a traditional Victorian brick terrace with updated windows and a maintained interior described as well-kept, comprising lounge, kitchen, bathroom and three bedrooms across two floors. Outdoor space is limited to a small rear garden; street parking is available to the front. There is no flooding risk and mobile signal and broadband speeds are reported as good.
Buyers should note the local context: the street sits in a deprived, blue‑collar terrace area on the small town fringe, which suits rental demand but may deter owner-occupiers seeking higher-end surroundings. The current tenants wish to remain and have paid reliably, so purchase will likely be as an income-producing asset rather than vacant possession. A Buyers Premium applies to secure the sale — factor this into the acquisition costs.
This is a straightforward purchase for investors or developers wanting an immediate rental return, portfolio expansion, or light refurbishment opportunity. The property’s compact footprint and modest plot make it manageable to maintain, but also limit scope for large extensions without planning.
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