Albert Street, Shildon, County Durham

yieldit are delighted to offer to the market this high yielding investment opportunity which will make a fantastic addition to an investor’s portfolio. The freehold mid terraced has an anticipated rental income in the region of £500pcm which represents an impressive near 9% NET return at the asking price.

The accommodation to the ground floor consists of entrance hallway; large front reception room with bay window and fireplace; dining room; kitchen with a range of wall and base units. Upstairs are three good-sized bedrooms and four-piece family bathroom. To the rear is an enclosed yard.

Albert Street is ideally located close to a host of everyday amenities, within walking distance of the town centre and Shildon train station. Shildon is an ideal, quiet and friendly commuter base with excellent links to Bishop Auckland, Darlington and the city of Middlesborough which is just a 35-minute drive.

County Durham sits between Newcastle, Sunderland and Hartlepool and is within easy reach of everything the Northeast has to offer. It is well regarded as an area for lucrative investment, with The Telegraph noting that County Durham is an area with some of the best returns for buy-to-let property investors. County Durham is on track to be named the UK’s City of Culture 2025, it’s just one of four locations in the UK to be shortlisted and achieving this status would result in colossal social and economic benefits, create thousands of jobs, boost the economy by millions and improve the lives of residents in the community. The BBC has too announced it will invest at least £25million over the next five years which will create BBC will create 70 digital jobs, increase opportunities and promote the region so now is the perfect opportunity to invest.

Financial Breakdown

Gross Rent: £5,940.00
Net income: £5,940.00
Gross yield: 8.74%
Net yield: 8.74%
Please contact agent for full financial breakdown.

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-07841