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£125,000

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14 Highcliffe Terrace, Ferryhill, DL17 8AE

Residential

flat

Occupied

2

bed

1

bath

1

reception

Tax band: A

Freehold

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Attractive Residential Turnkey Opportunity

Description

  • PRIME NEW LISTING. We are excited to present this tenanted two-bedroom terrace house located within a prime location in Ferryhill.
  • Sales Evidence: **35, Dean Park, Ferryhill DL17 8HP sold for £193000; 21, Dean Park, Ferryhill DL17 8HP sold for £230,000; 37, Windsor Avenue, Ferryhill DL17 8JG sold for £179,950**
  • This property is currently occupied with a rental income of £700pcm (£8,400 per annum), offering immediate cash flow and a readily lettable turnkey buy-to-let investment.
  • This freehold property has been recently renovated and offers a turnkey investment opportunity with appealing long-term rental and capital growth potential.
  • Set in a prime Ferryhill location, the property enjoys strong transport links and easy access to local amenities, enhancing its appeal to tenants and investors alike.

PRIME NEW LISTING. We are excited to present this tenanted two-bedroom terrace house located within a prime location in Ferryhill.

The property comprises a welcoming entrance hall, two well-proportioned bedrooms, one bathroom, a bright living room and a fitted kitchen, with ample storage throughout adding further practicality and day-to-day convenience.

This property is currently occupied with a rental income of £700pcm (£8,400 per annum), providing immediate cash flow from completion and presenting a readily lettable, turnkey investment opportunity for buy-to-let landlords seeking a straightforward addition to their portfolio. With rental income already being received, the property offers an attractive chance to secure a tenanted asset in an established residential setting.

This property benefits from recent renovation, a 15-year lease period, freehold, and is on an FRI lease, making it a fantastic investment for a shrewd investor looking for a turnkey investment with long-term capital and rental growth upside.

The property is in a prime location with amazing transport links and local amenities, making it a can't miss for someone looking for their next project in a prime location.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area: **35, Dean Park, Ferryhill DL17 8HP sold for £193000; 21, Dean Park, Ferryhill DL17 8HP sold for £230,000; 37, Windsor Avenue, Ferryhill DL17 8JG sold for £179,950**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our Offer Now button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

The Buyer on Completion will pay the sum of £550 plus vat towards the Seller’s legal fees.

Ferryhill is a well-connected County Durham town that offers a strong mix of everyday convenience and residential appeal. Buyers and landlords will appreciate the range of local shops, services and supermarkets nearby, along with access to schools, leisure facilities and pleasant green spaces for walks and recreation. The area is popular with families, professionals and tenants thanks to its established community feel and practical transport connections. Ferryhill also benefits from good road links to Durham, Darlington and the wider North East, making it a favourable base for commuting while still enjoying a more relaxed town setting.

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Deposit & Fee Calculator

10%, minimum deposit £5,000

3% subject to a minimum of £5,000 plus VAT

Total payable today if offer accepted (deposit + fee)

£11,000

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

The Buyer on Completion will pay the sum of £550 plus vat towards the Seller’s legal fees.