Location: Spennymoor, Durham
Property Type: Terraced House (2 Bed)
Purchase Price: £40,000
Rental Income: £324pcm (existing)
Strategy: Buy To Let
Cheap and cheerful two bed terraced house in stunning condition internally, rented by tenants in situ this 800sqft two up two down house has lounge and diner with extended kitchenette downstairs and two beds and bathroom upstairs.
Yielding over 9% the property is low risk, low money down and ready to go for an investor wanting a cheap long term buy to let property.
Spennymoor is only 30 minutes from Middlesbrough and 40 minutes from Newcastle-upon-Tyne, close to the A1 in Durham and a short journey from the idyllic North Pennines.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
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