Coronation Terrace, New Kyo

£110,000
  • Ref: 11290
  • Type: Apartment
  • Availability: For Sale
  • Bedrooms: 2
  • Bathrooms: 2
  • Reception Rooms: 2
  • Tenure: Freehold
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    Property Features

    • 10 Year Lease In Place
    • Rent £9,412 pa
    • 8.5% Yield
    • Freehold
    • Council Tax A
    • EPC C

    Property Description

    NEPI have a rare opportunity to purchase a pair of flats situated in New Kyo, County Durham. The properties will be fully refurbished and delivered with a 10 Year lease with Durham Council. With a combined rent of £9,412 these properties supply a yield of 8.5%. Rent increases will take place inline with Local Housing Benefit rates.
    The properties comprise of 2 x 1-bedroom flats & with each having, kitchen, bathroom & living room. Both units will benefit from GCH & Double-glazed windows. The properties will be available to purchase in March 2025. Reservation can be arranged now.
    ...

    Contact Us

    Address
    North East Property Investment Ltd
    11 Riverside Studios
    Amethyst Rd
    Newcastle Upon Tyne
    Tyne and Wear
    NE4 7YL

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