1 bed semi-detached house for sale

Dorset Avenue, Chester Le Street DH3

*Investment Opportunity*

- Discover this 3-bedroom, 1-bathroom freehold property located in the sought-after area of Britley, DH3. Currently tenanted for £550 p/m, with an agreed rent increase to £600 p/m, this property offers solid rental returns and growth potential.

Property Highlights:

Style: Spacious 3-bedroom, 1-bathroom house.
Tenancy: Long-term tenant of 15 years, happy to stay with the rent increase, providing stability and continuity.
Current Rent: £550 p/m, increasing to £600 p/m imminently.
Potential Rent: Estimated at £650 p/m, offering further yield growth.
Yield: Based on the upcoming rent of £600 p/m and a purchase price of £100,000, the property offers a strong gross yield of 7.2%.
Freehold: No additional ground rent or service charges, ensuring lower overheads.
This property is an ideal choice for investors seeking a reliable, long-term rental income with minimal hassle. The tenant's proven track record and willingness to accept the rent increase provide confidence in a stable investment.

Act quickly to secure this fantastic opportunity in a high-demand rental market. Contact us today for further details or to arrange a viewing!