Summary - 65 ALBERT STREET SHILDON DL4 2DN
3 bed 1 bath Terraced
Three-bedroom property primed for refurbishment and rental income.
Freehold mid-terraced house with two reception rooms and three bedrooms
Current rent £525pcm — approx. 9% gross yield at asking price
Solid brick walls likely uninsulated — upgrade costs expected
Bay window and façade need renovation; signs of damp present
Enclosed rear yard; small plot with traditional layout
Very deprived area with high crime — requires careful tenant screening
Excellent mobile signal and fast broadband; commuter links nearby
Tenure listed as unknown — confirm title and compliance before purchase
This three-bedroom mid-terraced house on Albert Street is presented as a clear investment opportunity in Shildon. The freehold property offers two reception rooms, three good-sized bedrooms and an enclosed rear yard, with a current rental income of £525pcm representing around a 9% gross yield at the asking price. Its traditional layout and solid brick construction give straightforward refurbishment potential for landlords targeting rental demand in the area.
The house does require some updating: the bay window and façade show visible wear and there are signs of damp that will need addressing. The property likely has uninsulated solid walls and the glazing install date is unknown; factor in costs for wall insulation, possible window upgrades and any necessary damp remediation to protect long-term returns.
Location is a strength for lettings — walking distance to Shildon train station and local amenities, with good broadband and mobile signal. However, the wider area is very deprived with higher crime rates; rental demand can be steady, but expect tenant screening and proactive management. Tenure is listed as unknown, so buyers should confirm title and any local compliance requirements before purchase.
For an investor prepared to complete targeted repairs and ongoing management, this property offers a compact, high-yield addition to a portfolio. If aiming for capital growth, plan for modest refurbishment and energy-efficiency improvements to maximise appeal and reduce void risk.
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