Summary - 28 STEPHENSON STREET FERRYHILL DL17 8PG
3 bed 1 bath Terraced
High-yield investment with refurbishment potential and immediate rental income.
Three bedrooms with traditional mid-terrace layout
A compact three-bedroom mid-terrace on Stephenson Street offering immediate rental income and clear upside for a hands-on buyer. The property is currently tenanted at £500pcm, producing an approximate 12% gross yield at the asking price — a strong starting point for investors.
The house retains traditional brick character, double glazing and gas central heating. Ground floor includes a large lounge and dining kitchen with flexible layout; upstairs provides three average bedrooms and a single bathroom. The rear yard is small and low maintenance with gated access.
Key negatives are straightforward: the home requires general modernisation throughout, the surrounding area records higher crime and very high deprivation indices, and the overall footprint is modest. These factors suppress capital values but support rental demand and a low council tax band.
Available for viewings from October 25. Suited to investors or buyers willing to carry out refurbishment to boost rental income or resale value; clear cost-to-value potential but budget for repairs and local market challenges.
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