3 bed end terrace house for sale

Craddock Street, Spennymoor DL16

An attractive investment opportunity offering strong rental returns. This three-bedroom end-of-terrace property is currently tenanted at £595 pcm and is ideally positioned in a popular residential street in Spennymoor. With a freehold title and low-maintenance outdoor space, this is a practical and profitable addition to any property portfolio.

Property Features:

Three well-proportioned bedrooms
One reception room
Separate fitted kitchen
Family bathroom and additional W/C
Low-maintenance rear yard
End-of-terrace
Freehold tenure
Council Tax Band A
Currently rented at £595 pcm

Rental Yield:

Asking price: Guide price £75,000
Annual rent: £7,140
Gross yield at £75,000: Approx. 9.52%
Compatible with halal mortgage structures (e.g. Diminishing Musharakah)

Location and Amenities:

Situated in the heart of Spennymoor, Craddock Street benefits from a convenient location with easy access to local shops, supermarkets, and essential services. The property is within walking distance of Spennymoor town centre, which includes a range of high street stores, cafes, and leisure facilities.

Transport Links:

Excellent road connections via the nearby A688 and A167
Easy access to Durham City Centre (approx. 15 minutes by car)
Regular bus services to Durham, Bishop Auckland, and surrounding towns
Durham railway station offers national rail connections and is approximately 6 miles away
Schools and Education:

Within close proximity to several highly-rated primary and secondary schools
Nearby schools include Ox Close Primary, Rosa Street Primary, and Whitworth Park Academy
Local nurseries and childcare services also available
This property is well-placed to attract long-term tenants due to its combination of affordability, accessibility, and local infrastructure.

To arrange a viewing or request further information, please contact Stonebanks today!