Summary - 15 WINDSOR AVENUE FERRYHILL DL17 8JG
3 bed 1 bath Terraced
Immediate 9%+ gross yield with a long-standing tenant in place.
Long-standing tenant in situ paying £6,900pa (over 9% gross yield)
Freehold mid-terrace, three bedrooms, 948 sq ft
EPC Rating D (63); mains gas boiler and radiators
Neutral modern presentation; tenant-maintained condition
Solid brick construction; likely no wall insulation (assumed)
Small rear yard; on-street parking only
Potential damp areas; may need remedial works
Located close to Ferryhill Market Square and local amenities
This mid-terrace three-bedroom house on Windsor Avenue is offered to investors as a hands-off income opportunity. A long-standing tenant pays £6,900 per year, delivering an immediate gross yield of over 9% at the asking price. The tenant wishes to remain and has maintained and improved the property during their tenancy.
The interior is presented in neutral, modern finishes with two reception rooms (now largely open-plan), a ground-floor kitchen and a first-floor bathroom. The property totals approximately 948 sq ft and has double glazing and mains gas central heating. EPC rating D (63) reflects average energy performance for the building.
Known negatives are factual: construction is original solid brick (likely with no cavity insulation), the property shows signs that will benefit from updating and may have potential for damp in places. The plot is small with on-street parking only, and the wider area scores as deprived which may affect capital growth. Buyers should budget for potential insulating and damp-mitigation works if planning upgrades.
Overall, this is a clear investment pick for a buyer seeking immediate rental income and low management involvement. There is scope to increase value through targeted refurbishment and energy-efficiency improvements, while continuing to benefit from the existing reliable tenancy.
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