Summary - 2 FOUNDRY STREET SHILDON DL4 2HE
3 bed 1 bath Terraced
Immediate income property with long-term tenant and low maintenance yard.
10% gross yield based on current rent of £560 pcm
Let to same tenant for ten years — tenancy remains in place
Baxi boiler with five years warranty remaining
Two reception rooms plus three bedrooms, average overall size
EICR dated June 2021; may need updating on re-letting
Solid-brick walls likely uninsulated — retrofit costs possible
Located in a very deprived area with higher local crime rates
This Victorian end-of-terrace presents a ready-made investment with immediate income. Let to the same tenant for ten years, it delivers a 10% gross yield at the advertised price, producing £560 pcm. Two reception rooms and three bedrooms provide flexible accommodation for the local rental market, and a small enclosed yard offers low-maintenance outdoor space.
The property has been maintained to a practical standard: recently fitted flooring, modern safety alarms, a Baxi boiler with five years’ warranty, PAT testing in January 2025, and an EICR completed in June 2021. These items support continued rental compliance and limit short-term capital expenditure, though prospective buyers should note the electrical report is over three years old and may require renewal depending on use.
Material considerations are straightforward. The house sits in a very deprived area with comparatively high crime rates; this affects tenant profile and resale demand. The building is solid brick with no assumed wall insulation, so buyers should allow budget for thermal upgrades to meet future standards and reduce running costs. The long-standing tenancy provides income certainty but means the property will be sold with the tenant in situ unless a different arrangement is agreed.
Overall, this is a compact, low-maintenance rental that suits investors seeking immediate cashflow and willing to manage location-specific risks and potential retrofit costs. Viewing is essential to assess condition and layout in person.
3 bedroom terraced house for sale in Braithwaite Street, Shildon, County Durham, DL4 — £67,000 • 3 bed • 1 bath • 894 ft²
2 bedroom terraced house for sale in King Edward Street, Shildon, County Durham, DL4 — £59,000 • 2 bed • 1 bath • 905 ft²
2 bedroom terraced house for sale in Byerley Road, Shildon, County Durham, DL4 — £61,000 • 2 bed • 1 bath • 754 ft²
2 bedroom terraced house for sale in King Edward Street, Shildon, County Durham, DL4 — £60,000 • 2 bed • 1 bath • 862 ft²
2 bedroom terraced house for sale in Surtees Street, Bishop Auckland, County Durham, DL14 — £65,000 • 2 bed • 1 bath • 748 ft²
3 bedroom terraced house for sale in Gladstone Terrace, Ferryhill, DL17 — £70,000 • 3 bed • 1 bath • 1174 ft²
