Coronation Terrace, New Kyo

NEPI have a rare opportunity to purchase a pair of flats situated in New Kyo, County Durham. The properties require a refurbishment and will delivered with a 10 Year lease with Durham Council. With a combined rent of £9,412 these properties supply a yield of 11.3%. 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.
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