504 Cumberland House
80 Scrubs Lane
London
NW10 6RF
Craddock Street, Spennymoor
Price Guide £75,000
3 Bedroom House - Terraced
A well-presented mid-terrace investment property situated in a popular residential location in Spennymoor. Currently tenanted and generating a monthly rental income of £550, this three-bedroom home offers a strong gross yield and is ideal for buy-to-let landlords or investors seeking a steady return.
Property Features:
. Three bedrooms
. One reception room
. Fitted kitchen
. Bathroom and separate W/C
. Low-maintenance rear yard
. Mid-terrace
. Freehold tenure
. Council Tax Band A
. Currently tenanted at £550 PCM
Rental Yield:
. Asking price: £75,000
. Annual rent: £6,600
. Gross yield: approx. 8.8%
. Suitable for halal mortgage structures (e.g. Diminishing Musharakah)
Location and Amenities:
Located on Craddock Street, this property is just a short walk from Spennymoor town centre, offering convenient access to shops, supermarkets, local services, and leisure facilities.
Transport Links:
. Excellent connectivity via the nearby A688 and A167
. Approximately 6 miles from Durham City Centre
. Regular bus routes to Durham, Bishop Auckland, and surrounding areas
. Durham railway station provides national rail links
Schools and Education:
. Nearby primary schools include Ox Close Primary and Rosa Street Primary
. Secondary education available at Whitworth Park Academy
. Nurseries and childcare services also within easy reach
This property represents a smart investment with stable rental income and strong tenant demand. Its compatibility with ethical finance structures such as halal mortgages further broadens its appeal.
To arrange a viewing or for more details, please contact Stonebanks today!
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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