Barr House Avenue, Consett, County Durham, DH8 5NE

£50,000

1 Bedrooms

1 Bathrooms

1 Receptions

Property Summary

Sylvester Properties are delighted to welcome to the sales market this one-bedroom ground-floor flat, offering an excellent investment opportunity.

Located on Barr House Avenue, Consett, this property is being sold as a tenanted investment, making it an ideal purchase for landlords looking to expand their portfolio and benefit from an immediate rental income.

The current tenant pays £475 per calendar month, generating an attractive 11.4% gross rental yield, making this a fantastic opportunity for investors seeking a high-yielding investment property.

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Description
Conveniently situated close to a range of local amenities, the property benefits from easy access to shops, supermarkets, leisure facilities, schools and excellent transport links.

The accommodation briefly comprises a spacious entrance hallway, a generous double bedroom with fitted wardrobes positioned to the front of the property, a bathroom fitted with a four-piece suite, a spacious lounge and a separate kitchen.

Externally, the property further benefits from a private rear garden, providing valuable outdoor space.

An excellent buy-to-let investment opportunity offering an attractive rental yield, an established tenant and convenient access to local amenities. Early enquiries are recommended.

Important information for purchasers and tenants

Making an offer

All offers must be supported with:

A mortgage Agreement in Principle (if applicable)
Proof of deposit and/or available funds
Full details of your buying chain, including estate agents and solicitors

Under Money Laundering Regulations, we must also see proof of ID for all buyers before we can issue an offer acceptance letter or instruct solicitors.

Important information

We aim to provide accurate property details, but they do not form part of any offer or contract.
Services and appliances have not been tested.
Photos, measurements and floor plans are for guidance only and may not be exact.
If you need clarification on anything, please contact us — especially if travelling a long distance to view.

For buyers

Any fixtures and fittings not listed should be confirmed with the seller directly.

For tenants

Most properties have a minimum tenancy term — please ask the branch for details.
A security deposit of at least one month’s rent is required.
Rent is paid monthly in advance.
Tenants must insure their own belongings.
Tenants are usually responsible for all utility bills and Council Tax.

Referral fees

In accordance with the Estate Agents’ (Provision of Information) Regulations 1991 and the Consumer Protection from Unfair Trading Regulations 2008, we are required to inform you that we may receive referral fees for services offered to sellers and purchasers. These may include:

Conveyancing: we may receive an average referral fee of £120.00 inc VAT.
Surveying services: we may receive an average referral fee of £120.00 inc VAT.

Floorplan