Summary - 15, Noel Street DN21 2RY
2 bed 1 bath Terraced
Immediate rental income with refurbishment upside and strong gross yield.
Two bedrooms plus attic room, offering extra usable space
A traditional two-bedroom mid-terrace offered with a tenant in situ, currently producing £480 pcm. The property is freehold and includes an attic room and an enclosed rear yard, presenting clear rental income from day one.
Built c.1900–1929 with solid brick walls and older double glazing, the house requires cosmetic and energy-efficiency improvements but retains strong refurbishment potential. EPC rated E and council tax band A are factual constraints to factor into running costs and future investment planning.
Situated in a very deprived area with above-average crime statistics, this home is best suited to an investor seeking yield and value-add refurbishment. At the asking price of £60,000 the current income equates to a gross yield of approximately 9.6% (before costs), making it attractive for buy-to-let portfolios needing immediate income.
Prospective purchasers should allow budget for modernisation (decoration, likely insulation upgrades and potential heating/electrical works) and accept a small plot with an enclosed rear yard rather than a garden. The tenant in situ means limited immediate vacant possession options.
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