Foundry Street, Shildon, County Durham, DL4
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
1
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- THREE BEDROOM TERRACED PROPERTY
- LET TO A TENANT OF TEN YEARS
- 9.7% YIELD FROM DAY ONE
- TWO RECEPTION ROOMS
- BAXI BOILER WITH 5 YEARS WARRANTY REMAINING
- VIEWING ESSENTIAL
Description
This well-presented three-bedroom end-terrace property offers a fantastic opportunity for investors, generating a strong 9.7% yield from day one. Currently let to a reliable tenant of ten years, who is happy to remain in place at an increased rent of £560 per calendar month, the property provides immediate and stable rental income. The ground floor features a welcoming entrance hall leading to two generous reception rooms—a lounge and a dining room—alongside a well-proportioned kitchen. Upstairs, there are three bedrooms, all benefiting from fire escape windows, a bathroom fitted with a shower, bath, and wash basin, and a separate WC. The property has been well maintained, with recently fitted flooring throughout and a range of modern safety features, including mains-wired heat, three smoke alarms, and a carbon monoxide alarm. A Baxi boiler is installed and still under warranty for the next five years. An EICR was completed in June 2021, and PAT testing for the oven, hood, and hob was carried out in January 2025. To the rear, there is a tidy enclosed yard, offering low-maintenance outdoor space. This is a ready-made investment with excellent returns, long-term tenancy security, and compliance with modern safety standards.
GROUND FLOOR ACCOMMODATION
Entrance Hall
Lounge
Dining Room
Kitchen
FIRST FLOOR ACCOMMODATION
First Floor Landing
Bedroom One
Bedroom Two
Bedroom Three
Bathroom
Cloaks/Wc
Rear Yard
- 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.
- Ask agent
- 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.
- Ask agent
Foundry Street, Shildon, County Durham, DL4
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Visit our security centre to find out moreDisclaimer - Property reference 10700009. 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 Dowen, Spennymoor. 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.
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