Summary - 8 STRATFORD GARDENS FERRYHILL DL17 8JE
2 bed 1 bath Terraced
Buy-to-let with tenant in place and immediate rental income potential.
Freehold mid-terrace with two bedrooms and circa 775 sq ft
Private driveway parking and small front garden space
Long-term tenant in situ, two years' residency, consistent rent payments
Current annual gross income £7,800 — approx. 10% gross yield
Decor and fixtures dated; suitable for light refurbishment or updating
Buyer’s premium payable on purchase — check Let Property Pack
Located in a deprived area with steady rental demand, limited capital growth
Fast broadband and excellent mobile signal; average local crime levels
This two-bedroom mid-terrace in Ferryhill is offered freehold with a long-term tenant in situ, making it a straightforward buy-to-let for investors. The property generates a current annual gross rental income of £7,800, roughly a 10% gross yield at the asking price, and includes private driveway parking and a small front garden.
The house has period character to the exterior and an average overall size (approximately 775 sq ft) with an expanded lounge, separate dining area and a three-piece bathroom. Internally the decor and some fixtures are dated and the property is being marketed as a practical investment or light-refurbishment project rather than a turnkey family home.
Location-wise it sits in a small-town fringe setting with fast broadband and excellent mobile signal, close to primary and secondary schools and local amenities. The wider area is classified as industrious transitions with higher-than-average deprivation; this supports steady rental demand but may limit capital-growth expectations.
Important practical points: the tenant has occupied the property for two years and reports no intention to vacate, so the sale is likely to attract committed investors or developers. A buyer’s premium will apply on exchange, and purchasers should review the Let Property Pack for full tenancy paperwork and income verification before bidding.
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