Summary - 39 CRADDOCK STREET SPENNYMOOR DL16 7TA
3 bed 1 bath Terraced
High-yield three-bedroom let in central town location, low running costs and strong rental demand.
Freehold three-bedroom terrace, 926 sq ft
Currently tenanted at £550 pcm — immediate rental income
Gross yield approximately 13% at asking price
Council Tax Band A — very low running costs
No rear garden; small front yard and on-street parking only
Area classified as deprived with high local crime rates
EPC pending; may need energy or other upgrades
Fast broadband and excellent mobile signal, near amenities
This freehold three-bedroom terrace on Craddock Street is offered with a sitting tenant paying £550 pcm, presenting a clear rental income and strong gross yield for buyers seeking a hands-off income stream. The property totals 926 sq ft across two storeys, with a single reception room, one bathroom and small front yard; running costs are low thanks to Council Tax Band A.
The house sits in a busy urban neighbourhood with fast broadband and excellent mobile signal, close to shops, bus links and several Good-rated primary and secondary schools. The internal rooms are modest but naturally bright; carpets and finishes are contemporary and functional, suitable for continued rental or modest updating to increase rent or resale value.
Buyers should note material context: the wider area is classified as deprived with high local crime rates and small plots, which will affect long-term capital growth and occupant demand. There is no rear garden and parking is on-street only. An EPC is pending and some cosmetic or systems upgrades may be required depending on investor strategy.
Overall this property suits investors seeking an immediate income-producing freehold in a central, working-class town location, or a cash-buyer willing to refurbish to improve rental value and appeal. Occupation by a tenant means viewing and vacant possession will require coordination and potentially notice periods.
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