Freehold, two floor, two-bedroom terraced house – Investment
Ferryhill is located south of Durham City centre on the A167. The property is situated off Broom Road. Transport links are provided by the A1 (M) which links Durham to the North and Darlington to the South. Shopping and recreation amenities can be found locally. The open spaces of Ferryhill Carrs and Thrislington Nature Reserves are within close proximity.
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First floor: Two bedrooms
Ground floor: Reception room, kitchen, bathroom/wc
Outside: Rear yard
Let on an assured shorthold tenancy for 6 months from 2/3/2018 (holding over) at a rent of £350 per month.
Total rent reserved £4,200 per annum
Note: We are advised that local housing benefit rent is approximately £4,550 per annum. Therefore there is an opportunity to increase the rent. Prospective purchasers must rely on their own enquiries in this regard.
EPC Rating – E
Council Tax Band – A
Applies under the fall of the hammer. The purchaser shall pay 10% deposit, plus, in addition a buyer’s premium of 2% of the sale price, minimum of £3,000 + VAT upon exchange of contracts.
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