**Key Features:**
- Charming 2-bedroom Victorian terraced house in Ferryhill.
- Long-term tenant in place, generating a gross annual income of £5,940.
- Freehold ownership with convenient on-street parking.
- Private back garden and proximity to local amenities.
- Average-sized living spaces, modernized kitchen, and open-plan design.
- Located in an area classified as deprived, with high crime rates.
This inviting Victorian terraced house offers an excellent opportunity for investors or first-time buyers seeking a solid rental income. Located on Darlington Road in Ferryhill, the property has two generous bedrooms, a modernized open-plan living area filled with natural light, and a practical kitchen. Currently tenanted with reliable occupants, you can step into a persistent income stream of £5,940 per year.
The property features a small private garden and on-street parking, enhancing its appeal amidst a community with robust accessibility to amenities, including schools, shops, and transit options. While the area faces challenges with high crime rates and economic deprivation, it remains a desirable choice for developers and serious investors eager to capitalize on rental opportunities. Don’t miss out on this gem; explore its potential before it’s gone!