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Blair Avenue, Spennymoor DL16 6NY

PROPERTY TYPE

Flat

BEDROOMS

2

BATHROOMS

1

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

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Key features

  • Investment property
  • NET Yield 6.71%
  • Two well proportioned bedrooms
  • Allocated parking space
  • Ground floor apartment
  • Ideal location
  • Video available on request
  • Great transport links

Description

yieldIt is pleased to offer to the market this two-bedroom ground-floor apartment, generating a fantastic NET yield of 7.23%, with scope for a rental increase to make it even better. This brilliant investment opportunity is located in the heart of Spennymoor, within a few minutes walk from the Town centre and local amenities.

This excellent two-bedroom apartment is located on the ground floor and is well presented throughout. It comprises of a double bedroom, spacious lounge and living space, fully fitted kitchen and three-piece white bathroom suite. Externally, the property benefits from allocated parking to the front and a communal garden to the rear.

Blair Avenue is ideally located for easy access to Durham’s city centre, which is well regarded as one of England’s most beautiful cities and was named by the Independent as one of the best cities in the world to visit in 2020. The city of Newcastle can be reached in 30 minutes, so it’s an ideal base for commuters looking for cheaper accommodation outside of the city. Durham itself is a popular university city, home to one of the UK’s top universities which have around 17,5000 students accommodation.

Financial Breakdown

Gross rent: £5,700
Service charge: £700
Net income: £5,000
Gross yield: 8.77%
Net yield: 7.69%

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.



yieldit ref: YL-06956

Energy Performance CertificatesA document confirming the energy efficiency rating of the property.Read more about epc in our glossary page.

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Blair Avenue, Spennymoor DL16 6NY

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bishop Auckland Station4.4 miles
  • Shildon Station5.3 miles
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About the agent

yieldit, Manchester

Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.

yieldit, Manchester

Here at yieldit we specialise in the sale of tenanted, income generating buy-to-let property from investor to investor. We work with buyers and sellers who see the financial potential of a buy-to-let-property, and don't get distracted by little things - eliminating the normal stresses that come with trying to sell a buy-to-let property on the high-street.

yieldit brings a wide range of income generating properties to market, from larger homes perfect for families to city centre apartmen

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Disclaimer - Property reference YL-06956. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by yieldit, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.

**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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