Mills Buildings, Ferryhill (Off Market)
3 Mills Buildings, Ferryhill, County Durham, DL17 0AJ, County Durham, England, United Kingdom
Property Type : House
Property Style : Traditional
Build Size : 654 ft² / 61 m²
Land Size : N/A
Bedroom : 2
Bathroom : 1
Half Bathroom : N/A
MLS#: N/A
Property Description
3 Mills Buildings, Ferryhill
Purchase Price: £39,999 Under UK Stamp Duty
Estimated Refurbishment: Circa £25,000
Estimated Rental Value Following Works: £500 PCM
Tenure: Freehold
An opportunity to acquire a **two-bedroom end-terraced property** in Ferryhill, offered at an attractive purchase price and providing scope for refurbishment before returning the property to the rental market.
The property extends to approximately **654 sq. ft. (60.7 sq. m.)** and comprises a living room, kitchen/diner and useful storage area to the ground floor. To the first floor are **two bedrooms and a bathroom**.
The property is currently vacant and requires a programme of refurbishment and general updating. We estimate a budget in the region of £25,000 to bring the property up to a good rental standard.
For investors looking for a more hands-off investment, the selling agent would be happy to arrange and oversee the refurbishment works, and following completion can also act as managing agent for the ongoing letting and management of the property**.
Once completed, we would anticipate a rental value of approximately £500 per calendar month, equating to £6,000 per annum**.
Based on the purchase price and indicative refurbishment budget, the total investment would be approximately £65,000 before acquisition costs, providing a potential gross yield of approximately 9.2% on the purchase and refurbishment cost.
The property occupies an end-terrace position and benefits from generously proportioned rooms for a property of this type. It represents a straightforward refurbishment opportunity for an investor looking to add another affordable rental property to their portfolio.
Key Information
* Two-bedroom end-terraced house
* Freehold
* Purchase price of £39,999 - Under UK Stamp Duty
* Vacant possession
* Requires refurbishment
* Estimated refurbishment budget circa £25,000
* Refurbishment can be arranged and overseen by the selling agent
* Ongoing letting and property management available if required
* Estimated rental value following works: £500 PCM / £6,000 PA
* Approximate floor area: 654 sq. ft. / 60.7 sq. m.
* Approximate gross yield on purchase plus refurbishment cost: 9.2%
**Please note:** Refurbishment costs and rental figures are estimates only and should not be treated as guaranteed. Buyers should satisfy themselves as to the condition of the property, likely works required and associated costs prior to purchase.
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Purchase Price: £39,999 Under UK Stamp Duty
Estimated Refurbishment: Circa £25,000
Estimated Rental Value Following Works: £500 PCM
Tenure: Freehold
An opportunity to acquire a **two-bedroom end-terraced property** in Ferryhill, offered at an attractive purchase price and providing scope for refurbishment before returning the property to the rental market.
The property extends to approximately **654 sq. ft. (60.7 sq. m.)** and comprises a living room, kitchen/diner and useful storage area to the ground floor. To the first floor are **two bedrooms and a bathroom**.
The property is currently vacant and requires a programme of refurbishment and general updating. We estimate a budget in the region of £25,000 to bring the property up to a good rental standard.
For investors looking for a more hands-off investment, the selling agent would be happy to arrange and oversee the refurbishment works, and following completion can also act as managing agent for the ongoing letting and management of the property**.
Once completed, we would anticipate a rental value of approximately £500 per calendar month, equating to £6,000 per annum**.
Based on the purchase price and indicative refurbishment budget, the total investment would be approximately £65,000 before acquisition costs, providing a potential gross yield of approximately 9.2% on the purchase and refurbishment cost.
The property occupies an end-terrace position and benefits from generously proportioned rooms for a property of this type. It represents a straightforward refurbishment opportunity for an investor looking to add another affordable rental property to their portfolio.
Key Information
* Two-bedroom end-terraced house
* Freehold
* Purchase price of £39,999 - Under UK Stamp Duty
* Vacant possession
* Requires refurbishment
* Estimated refurbishment budget circa £25,000
* Refurbishment can be arranged and overseen by the selling agent
* Ongoing letting and property management available if required
* Estimated rental value following works: £500 PCM / £6,000 PA
* Approximate floor area: 654 sq. ft. / 60.7 sq. m.
* Approximate gross yield on purchase plus refurbishment cost: 9.2%
**Please note:** Refurbishment costs and rental figures are estimates only and should not be treated as guaranteed. Buyers should satisfy themselves as to the condition of the property, likely works required and associated costs prior to purchase.
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Mills Buildings, Ferryhill, United Kingdom,England,County Durham is a 654ft² County Durham luxury House listed for sale 39,999 GBP. This high end County Durham House is comprised of 2 bedrooms and 1 baths. Find more luxury properties in County Durham or search for luxury properties for sale in County Durham.