Summary - 6 BROOM COTTAGES FERRYHILL DL17 8AY
2 bed 1 bath Terraced
Immediate rental income with modest uplift potential — suitable for income-focused investors..
- Freehold 2-bed mid-20th century terraced house, 861 sq ft
- Currently let; gross rental income £5,400 pa (potential ~£6,000)
- Tenant in situ with consistent payments and intention to stay
- Spacious lounge; contemporary bright interior, double-glazed windows
- Small back area only; no garden or garage, small plot
- Dated exterior with visible façade cracks needing inspection/repair
- Located in a very deprived area; impacts capital growth and tenant profile
- Buyers’ premium applies; review Let Property Pack and tenancy terms
A straightforward buy-to-let opportunity in Ferryhill offering immediate rental income and room for a modest uplift. The two-bedroom mid-20th century terrace is freehold, currently let and producing a gross annual income of £5,400 with potential to reach about £6,000 at local market rates. That reliable income and tenant continuity make this suitable for investors seeking a low-management addition to a portfolio.
The house is average-sized (861 sq ft) with a spacious lounge, fitted kitchen, two bedrooms and a three-piece bathroom. Internal condition is described as good; photos show a contemporary, bright living room and double-glazed windows which help energy efficiency. A small back area provides basic outdoor space but there is no garage and the plot is small.
Material concerns are factual: the exterior shows dated styling and visible cracks in the façade that will need investigation and likely repair. The property sits in a very deprived neighbourhood with local social-renter demographics and average crime levels — this will affect long-term capital appreciation and tenant mix. A buyers’ premium applies to secure purchase, and the sale pack should be reviewed for tenancy and legal details before bidding.
This is a pragmatic purchase for investors prioritising immediate yield over capital growth. The current tenancy has a stable payment record and the occupants intend to remain, reducing void risk. For those prepared to budget for modest exterior repairs and accept the local socio-economic profile, the property can deliver steady rental returns and straightforward management.
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