11 Cheapside
Spennymoor
DL16 6QE
Rutherford Terrace, Ferryhill
Asking Price £55,000
3 Bedroom House - Terraced
- Spacious two-bedroom mid-terraced property
- Sold with long-term sitting tenant
- Tenant paying £475 per month
- Strong 10.36 percent rental yield
- Close to Ferryhill town centre amenities
- Lounge and dining room connected
- Three well-proportioned first-floor bedrooms
- Rear garden and Garage
- EPC Rating D
- Council Tax band A
Robinsons are pleased to bring to the market this spacious three bedroom mid-terraced house, offered as a fantastic investment opportunity and sold with a long-term sitting tenant who has occupied the property for almost fifteen years. The tenant currently pays £475pcm, generating an attractive 10.36% yield at full asking price. The home is situated on a popular street approximately half a mile from Ferryhill Town Centre, where a range of shops and leisure facilities can be found. Excellent transport links via the A1 and A19 provide convenient access across the North East.
The property benefits from UPVC double glazing and gas central heating, and briefly comprises: entrance vestibule, hallway, a spacious lounge with feature fire and surround, archway to the dining room, and a large fitted kitchen. To the first floor there are three well-proportioned bedrooms and a family bathroom. Externally, the front elevation features an easy-to-maintain forecourt, while the rear offers an enclosed yard with access across the back lane to a garage and garden.
EPC Rating D
Council Tax band A
Hallway
Wood effect flooring, radiator, stairs to first floor
Lounge
3.38m x 2.97m + bay (11'1 x 9'9 + bay )Upvc bay window, radiator, feature fire and surround.
Dining Room
6.15m x 2.67m (20'2 x 8'9 )Upvc window, radiator, storage cupboard.
Kitchen
6.15m x 2.67m max points (20'2 x 8'9 max points )Wall and base units, integrated oven, hob, extractor fan, dishwasher, fridge/freezer, plumbed for washing machine, stainless steel sink with mixer tap and drainer, Upvc windows, breakfast bar, radiator, tiled splash backs, access to rear.
Landing
Loft access, storage cupboard.
Bedroom One
4.01m x 2.77m (13'2 x 9'1)Upvc window, radiator
Bedroom Two
2.82m x 2.64m (9'3 x 8'8 )Upvc window, radiator.
Bedroom Three
3.05m x 1.68m (10'0 x 5'6 )Upvc window, radiator
Bathroom
panelled bath, separate shower cubicle, wash hand basin, w/c, extractor fan, chrome towel radiator.
Externally
To the front elevation, is a easy to maintain forecourt, while to the rear is an enclosed yard which gives access across the back lane to a garage and garden,
Agents Notes
Council Tax: Durham County Council, Band A
Tenure: Freehold
Property Construction – Standard
Number & Types of Rooms – Please refer to the details and floorplan, all measurements are for guidance only
Electricity supply – Mains
Water Supply – Mains
Sewerage – Mains
Heating – Gas
Estimated Mobile phone coverage – Please refer to the Ofcom Website - https://www.ofcom.org.uk
Estimated Broadband Download speeds – please refer to the Ofcom Website – https://www.ofcom.org.uk
Building Safety – The Vendor is not aware of any Building Safety issues. However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm.
Restrictions – covenants which affect the property are within the Land Registry Title Register which is available for inspection.
Selective licencing area – yes
Probate –NA
Rights & Easements – None known
Flood risk – refer to the Gov website - https://www.gov.uk/check-long-term-flood-risk
Coastal Erosion – refer to the Gov website - https://www.gov.uk/check-coastal-erosion-management-in-your-area
Protected Trees – None known
Planning Permission – Nothing in the local area to affect this property that we are aware of. Accessibility/Adaptations – stair access only, no lift
Mining Area – Coal Mining Reporting Area, further searches may be required by your legal representative.
Disclaimer: Our details have been compiled in good faith using publicly available sources and information obtained from the vendor prior to marketing. Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities before making any financial commitments. Robinsons cannot accept liability for any information provided subsequent amendments or unintentional errors or omissions.
HMRC Compliance requires all estate agents to carry out identity checks on their customers, including buyers once their offer has been accepted. These checks must be completed for each purchaser who will become a legal owner of the property. An administration fee of £30 (inc. VAT) per individual purchaser applies for carrying out these checks.
Energy Efficiency and Environmental Impact
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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