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Two-bedroom tenanted terrace house

Ferryhill, DL17 - Get Access

2 bed 1 bath

Description

This tenanted two-bedroom terrace house is located within a prime location in Ferryhill. The property comprises a welcoming entrance hall, two well-proportioned bedrooms, one bathroom, a bright living room, and a fitted kitchen, with ample storage throughout adding further practicality and day-to-day convenience. The property is currently occupied with a rental income of £700pcm (£8,400 per annum), providing immediate cash flow from completion and presenting a readily lettable, turnkey investment opportunity for buy-to-let landlords seeking a straightforward addition to their portfolio. With rental income already being received, the property offers an attractive chance to secure a tenanted asset in an established residential setting. The property benefits from recent renovation, a 15-year lease period, freehold, and is on an FRI lease, making it a fantastic investment for a shrewd investor looking for a turnkey investment with long-term capital and rental growth upside. Ferryhill is a well-connected County Durham town that offers a strong mix of everyday convenience and residential appeal. Buyers and landlords will appreciate the range of local shops, services, and supermarkets nearby, along with access to schools, leisure facilities, and pleasant green spaces for walks and recreation. The area is popular with families, professionals, and tenants thanks to its established community feel and practical transport connections. Ferryhill also benefits from good road links to Durham, Darlington, and the wider North East, making it a favourable base for commuting while still enjoying a more relaxed town setting.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 560 sq ft (EPC)

Valuing this two-bedroom Victorian-era terraced house in Ferryhill relies primarily on direct evidence from identical properties on the same street. The property is in fair, functional condition with dated carpets and kitchen finishes, while benefiting from double glazing and a traditional bay window. The internal floor area of 560 sq ft has been utilised alongside achieved sales data on Highcliffe Terrace.

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