Situated in a popular area of Peterlee, this wonderful top floor apartment features two double bedrooms, a lounge with scenic elevated views across the adjoining area of parkland, a delightful kitchen, a bathroom and both double glazing and electric panel heating.
Achievable Rental income of £450pcm, giving a 12.56% rental yield.
Nesbit road lies within reach of the town centre shops and amenities and the A19 which interlinks with all regional centres including Sunderland, Teesside and the historic City of Durham.
We have been advised that the property is Leasehold to Believe Housing and the lease term is 110 years with an annual charge of £190 incorporating the ground rent, service charge and buildings insurance. EPC rating: C, Council Tax Band A.
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The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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