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Lanark Terrace, Ferryhill, County Durham, DL17

Floorplan 1
1

Key features

  • Buy-to-let investment property
  • Two bedroom terrace
  • Current net yield: 9.0%
  • Being sold with tenants in situ
  • Strong rental income: £450pcm
  • Tenure: Freehold

Description

Key Features
2-bedroom mid terraced property
Sitting tenants in place
Rental income: £450 pcm
Annual income: £5,400
Attractive Asking Price: £60,000
Freehold tenure
New roof installed in 2020
EPC Rating: D
Potential for improvement due to anticipated council driven energy efficiency works (including solar panel installation)
Strong rental demand area
Investment Performance & Returns

Gross Annual Yield Calculation

The gross yield has been calculated using the rental income and the asking price.

Annual Rent: £5,400
Asking Price: £60,000
Gross Yield: 9%

A 9% gross yield places this property well above many UK regional averages, making it an excellent option for yield focused investors.

EPC & Future Energy Efficiency Improvements

The property currently holds an EPC rating of D, but the landlord has been in discussions with the local council regarding a regional improvement initiative, which may include:

Solar panel installation
Additional energy efficiency upgrades

These improvements could:

Reduce tenant energy costs
Increase rental desirability
Potentially uplift the property's EPC rating to C or higher
Improve long term capital value

This presents investors with an opportunity for future-proofing against regulatory change in the rental sector.

Location - Ferryhill, County Durham

Ferryhill is a popular residential location for renters, offering:

Good access to the A1(M)
Proximity to Durham, Bishop Auckland & Darlington
Local shops, schools, and amenities within walking distance
Strong demand for affordable rental homes

This area continues to attract investors due to its combination of high rental yields and low entry costs.

Why This Property Is a Strong Buy to Let Investment
Immediate rental income - no void periods
High 9% yield at current rent
Potential for rent uplift following energy improvements
Freehold with recent roof replacement reducing maintenance risk
Established tenants providing stable, predictable income
Well priced at £60,000 offering excellent value in a high yield region
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.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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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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Energy performance certificate - ask agent

Lanark Terrace, Ferryhill, County Durham, DL17

Approximate location
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Renovation potential
Recently sold & under offer
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About Pure, Manchester

The Lightwell, 61-63 Brown Street Manchester M2 2JG

Having sold investment properties for almost 14 years, Pure Investor is today one of the most established and recognisable property investment consultancies in the UK. Our commitment to the very highest levels of customer service has resulted in Pure Investor now being rated 4.9 out of 5.0 'Excellent' on Trustpilot.

Thinking Of Investing In Property In The UK?

We offer one of the UK widest portfolio's of investment properties available. From traditional, residential buy-to-let properties and purpose built student accommodation, through to market leading off-plan developments in locations including Manchester, London, Birmingham and many more destinations throughout the UK.

Our focus is genuinely consultative, and regardless of whether you're a first time property investor or an institution, we aim to assist our clients in achieving their long term investment goals through property. Many of our client have worked with Pure Investor for many years, both purchasing and selling their investment properties through us.

Thinking Of Selling?

We're one of the UK's leading providers of tenanted buy-to-let properties, and as such if you are considering selling your investment property, but are not sure how to sell with tenants in situ, why not contact our team today to find out about our specialist resales service? We have a global network of property investors who are proactive in purchasing tenanted properties to add to their current portfolios.

Thinking Of Renting Your Property Out?

We have one of the regions fastest growing lettings portfolios, and our full service property management and lettings service is specifically designed to cater for the demands of more established landlords operating throughout the North West of England.

Regardless of whether you are looking to invest in property, or sell your buy-to-let, why not give our team of experienced property consultants a call today to find out more about our services?

We look forward to speaking with you!

Affordability

Monthly repayments£274
Property: £ 60,000
Deposit: £ 6,000
Interest rate: 4.5%
Term: 30 years
Powered bynationwideThe Nationwide Logo represents a symbol of financial strength and community, empowering members to achieve their goals
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 Lanark-Terrace-Ferryhill. 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 Pure, Manchester. 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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