This well-presented three-bedroom terraced home on Magnolia Street offers an excellent opportunity for investors seeking a ready-made buy-to-let property. Currently occupied with a tenant in situ paying £495 per calendar month, the property provides immediate rental income and a strong potential yield of 8.5%
Inside, the home features a spacious living area, a functional fitted kitchen, three well-proportioned bedrooms, and a family bathroom. There is also a private rear yard, offering low-maintenance outdoor space. The property is in good condition with scope for future cosmetic updates, which could further increase its rental value and long-term capital growth.
Situated in a popular residential area with good access to local amenities, schools, and transport links, this is an ideal hands-off investment for landlords looking to expand their portfolio with a reliable, income-generating asset. Call the office today to arrange your viewing.
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.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Holbrook & Co - Seaham. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Holbrook & Co - Seaham for full details and further information.