About the property

Castledene offer This freehold terraced house located at 1 Margaret Street, Ludworth, Durham DH6 1NG and has an estimated current value of �49,000. PRICED TO SELL AT �18.000

Investors dream full refurbishment needed however the perfect starter property and priced to sell.

This 3-bedroom house is in a very rentable area with achievable rent in or around �375.00 to �425.00 pcm

Given this a yield of 25 %

Works needed is:
New roof costing around �7,000 builder on standby
Full Refurbishment costing around �10,000 builder on standby

Full management 10 %

viewings and access not possible due to fire damage

�17,000 + �18,000 gives a total buyers price of �35,000, properties in or around this area are selling at the lowest �46,000 giving a �11,000 profit In addition to the purchase price a buyer's premium of 2.5% + VAT (3% including VAT) is payable, subject to a minimum of �2,000 plus VAT (�2,400 including VAT) Read more

Property at a glance

Contact agent

Contact agent

Castledene Houghton le Spring

Houghton le Spring

United Kingdom

Tel: 0191 512 4940

Property Photos