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Craddock Street, Spennymoor

PROPERTY TYPE

Terraced

BEDROOMS

3

BATHROOMS

1

SIZE

926 sq ft

86 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Description

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!

Brochures

Craddock Street, SpennymoorBrochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Off street
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Craddock Street, Spennymoor

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About STONEBANKS UK LTD, London

Stonebanks Estates, 22A Northfield Road, London, W13 9RL

Introducing Stonebanks: Your Trusted Partner in Property Sales, Lettings, and Management for Over 20 Years! Are you seeking a reliable and experienced partner to help you sell, let, or manage your property? Look no further than Stonebanks, a cornerstone in the real estate industry for over two decades.

Why Choose Stonebanks?

* Professionalism: Our team of experts delivers top-notch service with a wealth of industry knowledge and experience.

* Comprehensive Solutions: Whether you're selling, letting, or need property management services, we've got you covered.

* Competitive Advantage: We offer highly competitive rates tailored to suit your specific needs, ensuring you get the best value for your investment.

* Extensive Coverage: Serving a wide range of areas including Willesden, Neasden, Harlesden, Acton and many more, we have the local expertise to maximize your property's exposure and potential. But that's not all.

At Stonebanks, we go above and beyond for our clients:

* Customer-Centric Approach: Your satisfaction is our priority. We promise to exceed your expectations at every step of the process, providing personalized service that's second to none.

* Community Engagement: We're not just about transactions; we're about making a positive impact. Through our involvement in local charities and events, we actively contribute to the well-being of our community.

* Modern Solutions, Traditional Values: While we embrace modern practices, we remain committed to the timeless values of integrity, honesty, and transparency.

Trust Stonebanks to sell or let your property with confidence. Contact us today to experience the Stonebanks difference firsthand!

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£349
We think you can borrow up to
Add your household income above
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference 33890821. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by STONEBANKS UK LTD, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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