Summary - 12 WESLEY STREET COUNDON GRANGE BISHOP AUCKLAND DL14 8UH
2 bed 1 bath Terraced
**Standout Features:**
- ***Investment Potential:*** Long-term tenant currently in place.
- ***Rental Income:*** Generates an annual gross income of £5,040 with potential to increase to £6,000.
- ***Space:*** Two spacious bedrooms and large lounge/kitchen areas.
- ***Location:*** Close to essential amenities and local schools with good ratings.
- ***Freehold Tenure:*** Offers ownership flexibility and potential for future renovations.
**Notable Concerns:**
- ***Area Challenges:*** High crime rates and economic deprivation.
- ***Internet Connectivity:*** Slow broadband speeds may be a downside.
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This charming 2-bedroom Victorian terraced house is an exceptional buy-to-let opportunity located in Bishop Auckland, with a reliable long-term tenant already in place. Featuring spacious rooms, including a well-sized lounge and kitchen, this property stands out for its investment potential, currently yielding £5,040 in gross income with the option for an increase.
Nestled in a residential neighborhood, residents will enjoy easy access to local amenities and several reputable schools, ideal for families or social renters. However, future occupants should be aware of the challenges posed by the local area, such as high crime rates and economic deprivation. With a modest asking price of £60,000, this property could be an attractive addition to any investor's portfolio, especially for those seeking comfortable living in a growing community. Don’t miss this chance to secure a steady rental income in a market ripe for growth!
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