Summary - 4 WESTCOTT TERRACE FERRYHILL DL17 8NS
3 bed 1 bath Terraced
Chain-free, tenanted three-bed with immediate income and refurbishment upside..
- Chain-free three-bedroom Victorian mid-terrace
- Currently tenanted at £475 pcm (immediate income)
- Spacious open-plan lounge and dining area with bay window
- Front forecourt and enclosed rear courtyard, low maintenance
- Small plot and limited outdoor space
- Area shows high deprivation and elevated local crime levels
- Cosmetic updating and rental compliance work likely required
A three-bedroom Victorian mid-terrace offered chain-free and currently let at £475 pcm, presenting immediate income for an investor. The property sits a short walk from Ferryhill High Street with shops, cafes and schools nearby, including an Outstanding-rated primary.
The house retains period character — bay window, high ceilings, exposed floorboards and decorative cornices — and features a spacious open-plan lounge/diner, fitted kitchen and a ground-floor bathroom. Outside are a low-maintenance forecourt and enclosed rear courtyard.
This is a clear buy-to-let or refurbishment opportunity: current rent produces approximately £5,700 annual income (around 9.5% gross yield at asking price £60,000). The property will benefit from cosmetic updating in places and offers potential to increase rent after improvements or when re-letting vacant.
Important negatives are factual: the home is in an area of higher deprivation with elevated local crime levels, the plot is small, and parts may need modernisation. Buyers should budget for routine maintenance and any compliance works required for rental properties.
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