Terraced house for sale in Heatherburn Court, Newton Aycliffe, County Durham DL5
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Property features
- Well presented
- Popular locality
- Tenant in situ
- Good local amenities
- Viewing advised
- EPC rating - C
Property description
Discover this delightful one-bedroom end-terrace house located at Heatherburn Court, Woodham, Newton Aycliffe DL5 4UZ. This property, currently tenanted, offers a great investment opportunity or a cosy home in a peaceful and community-oriented area.
Property Features:
One Bedroom: A comfortable bedroom providing ample space for relaxation.
Living Room: An inviting space perfect for leisure activities.
Functional Kitchen: Equipped with modern amenities and plenty of storage, designed for practical and efficient use.
Well-Maintained Bathroom: Features all necessary installations for convenience and comfort.
Storage Space: Convenient storage options to keep the living area uncluttered.
Local Area and Amenities:
Woodham, part of Newton Aycliffe in County Durham, is a residential area known for its tranquility and strong community spirit. The area offers various local amenities including shops, pubs, and community centers. Residents can enjoy nearby parks and recreational facilities.
Schools: The area is served by several schools, such as Woodham Academy and Aycliffe Village Primary School, providing education for all age groups.
Transport Links: Woodham is well-connected via local bus services and easy access to major roads ensures convenient travel.
Local Services: Various dining options and local shops ensure a vibrant community life.
Investment Potential:
This property is currently occupied with a tenant, promising immediate rental income. The tenancy terms include a rent of £375 per calendar month, and the tenant has been in place for a while.
Rental Yield:
To calculate the rental yield:
Annual Rent = £375 * 12 = £4,500
Purchase Price = £50,000
Yield = (Annual Rent / Purchase Price) * 100 = (£4,500 / £50,000) * 100 = 9%
This makes it an appealing option for investors seeking a steady return, with a yield of approximately 9%. Comparable properties in the area have shown consistent appreciation, indicating a strong market presence.
For more information about this property, please contact
Dowen, DL14 on +44 1388 236932 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Dowen, and do not constitute property particulars. Please contact Dowen for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.