Summary -
79 St. Andrews Road,SPENNYMOOR,DL16 6NG
DL16 6NG
3 bed 2 bath Terraced
Buy-to-let ready with immediate rental income and refurbishment potential.
3 bedrooms, two bathrooms, approximately 840 sqft
Freehold terraced house with private rear garden
Currently let; tenants wish to remain in situ
Annual gross rental income circa £8,340
Requires internal updating and cosmetic modernisation
On-street parking only; small plot and limited frontage
Located in a very deprived area with higher crime levels
Buyer’s premium applies; review Let Property Pack and tenancy terms
This three-bedroom mid-terrace on St. Andrews Road is presented primarily as a rental investment. It is a freehold property with a private rear garden, two bathrooms and about 840 sq ft of accommodation, currently occupied by long-term tenants who wish to remain. Current gross rental income is stated at £8,340 per year, giving immediate cashflow from day one.
The house is average sized and shows signs of wear and will benefit from internal modernisation to increase rental value or resale appeal. On-street parking only and a small plot limit kerb appeal and outdoor space. Broadband and mobile signal are strong, which supports tenant demand.
Location factors materially affect investment risk and return: the local area is described as very deprived with higher crime levels, so tenant turnover, lettings risk and future capital growth may be constrained. Interested buyers should review the Let Property Pack, tenancy agreements and rental history, and factor a buyer’s premium and any refurbishment costs into their purchase calculations.
This is best suited to experienced investors or developers comfortable with value-add renovations and managing tenanted properties in challenging neighbourhoods. A full inspection, legal checks, and confirmation of tenancy terms are strongly recommended before offer.
2 bedroom terraced house for sale in Craddock Street, Spennymoor, DL16 — £49,000 • 2 bed • 1 bath • 1076 ft²
3 bedroom end of terrace house for sale in Clyde Terrace, Spennymoor, Durham, DL16 — £100,000 • 3 bed • 1 bath • 936 ft²
3 bedroom terraced house for sale in Baff Street, Spennymoor, County Durham, DL16 — £92,250 • 3 bed • 2 bath • 1206 ft²
2 bedroom terraced house for sale in Short Street, Bishop Auckland, DL14 — £65,000 • 2 bed • 1 bath • 829 ft²
3 bedroom terraced house for sale in Short Street, Bishop Auckland, DL14 — £75,000 • 3 bed • 2 bath • 904 ft²
2 bedroom terraced house for sale in James Street, Bishop Auckland, DL14 — £71,000 • 2 bed • 1 bath • 840 ft²
