Summary - 8 STRATFORD GARDENS FERRYHILL DL17 8JE
2 bed 1 bath Terraced
Long-term tenant, private parking and garden for steady rental returns.
2-bedroom mid-terrace freehold, approximately 775 sqft
Long-term tenant in situ, two years, consistent rent payments
Current gross annual income £7,800
Private driveway parking and small front garden
Dated decor and general refurbishment likely required
Located in a deprived area — affects capital growth prospects
Buyers Premium applicable; see Let Property Pack for details
Fast broadband and excellent mobile signal supporting rental appeal
This mid-terrace, two-bedroom home in Ferryhill is offered with a long-term tenant in situ, producing an annual gross income of £7,800. The property is freehold, about 775 sq ft, and includes a private driveway and a small front garden—features that support steady rental demand in the area. Broadband speeds are fast and mobile signal is excellent, which helps tenant appeal.
The house shows signs of age and dated internal decor and is presented as a practical refurbishment opportunity rather than a turnkey buy. The façade and interiors will likely require updating to increase capital value or attract higher rents; buyers should budget for refurbishment works. The local area is classified as deprived, which may limit capital growth but can support reliable rental yields.
This is primarily an investor/developer opportunity: the sitting tenants have been in place for two years and intend to remain, offering immediate income but limited vacant-possession flexibility. A Buyers Premium applies to secure the sale—check the Let Property Pack and tenancy paperwork for full financial detail before bidding. No flood risk is recorded.
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