Summary - 28 STEPHENSON STREET FERRYHILL DL17 8PG
3 bed 1 bath Terraced
High-yield three-bed terraced investment requiring modernisation and offering strong rental income..
- Three bedrooms with spacious lounge and dining kitchen
- Currently tenanted at £500 pcm (approx 12% gross yield)
- Freehold with mains gas boiler and radiators
- Double glazing fitted post-2002
- Requires general modernisation and likely insulation work
- Small rear yard; low maintenance outdoor space
- Located in very deprived area with higher local crime
- Compact footprint; best suited to investors or renovation buyers
A compact three-bedroom mid-terrace in Ferryhill offered at a competitive price, presented as a straightforward investment or a first renovation project. The property is currently tenanted at £500 pcm, producing around a 12% gross rental yield, and is freehold with mains gas heating and double glazing already installed. The layout includes a large lounge, a dining kitchen and an enclosed low‑maintenance rear yard.
The house requires general modernisation throughout: cosmetic updating, likely insulation upgrades (cavity walls currently without insulation assumed) and typical improvements to maximise rental or resale value. The small plot and modest room sizes suit buy-to-let landlords targeting single tenants, couples or small families rather than buyers seeking large gardens or expansive living space.
Location is practical for transport links and local amenities, with nearby schools rated from Good to Outstanding. Be aware the wider area shows significant socio-economic challenges: very deprived classification, higher crime levels and a blue-collar terraced neighbourhood, which will affect long-term demand and occupant profiles.
For an investor with a hands-on approach or a buyer prepared to refurbish, this house offers clear upside through modernisation and rental stability. For those looking for low-risk family housing in a low-crime suburban suburb, the property’s setting and area indicators suggest careful consideration of local context is warranted.
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