Summary - 15 KING EDWARD STREET SHILDON DL4 2EU
2 bed 1 bath Terraced
Long-standing tenant delivers instant 10% gross yield and minimal upkeep.
Long-standing tenant in situ for 18 years
A straightforward, income-producing mid-terrace in Shildon, offered with a long-standing tenant who has been in place 18 years and is willing to pay increased rent. The property is double-glazed, has a modern kitchen, two reception rooms, and a ground-floor bathroom, with mains-wired heat, smoke and carbon monoxide detectors fitted for safety. An EICR was completed in March 2022 and the boiler remains under warranty until January 2026. EPC is Band C.
This is aimed squarely at investors seeking immediate, low-effort rental income. At the proposed rent of £490pcm the purchase generates a circa 10% gross yield from day one. Its compact 905 sq ft layout and small front garden require minimal ongoing maintenance, and the tenant is keen to remain, supporting continuity of income.
Buyers should note material drawbacks: the property sits in a very deprived area with higher-than-average crime, on a small plot in a terrace of early-20th-century solid-brick houses that likely lack wall insulation. Internal ceiling heights are modest and some rooms are compact. Council tax band is unknown and the wider area classification is low‑income blue‑collar terraces, which may affect future resale or alternative use.
Overall this is a pragmatic purchase for a buyer prioritising immediate yield and tenant stability over rapid capital growth. The safety compliance and short-term service history reduce near-term management workload, but budget for potential fabric or energy-efficiency works if holding long term.
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