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Woods Terrace, Murton, Seaham

PROPERTY TYPE

Flat

BEDROOMS

2

BATHROOMS

1

SIZE

786 sq ft

73 sq m

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

Key features

  • Pair of Two Bed Flats
  • Investment Opportunity
  • Tenant In Situ
  • Rent from Day 1
  • Great EPC Rating of C

Description

NGU Homes are pleased to bring to the market 26 and 26a Woods Terrace, Murton, Seaham, a pair of two bedroom flats offered for sale together, both currently tenanted and generating an immediate combined rental income of £1,000 per calendar month.

Tenant in Situ:

Both flats are offered for sale together, with 26 Woods Terrace currently let at £470 per calendar month and 26a Woods Terrace let at £530 per calendar month, providing an investor with immediate rental income from day one across both units, with no void periods to consider.

EPC rating C on Both Flats:

Both properties benefit from an EPC rating of C, offering reassurance of reasonable running costs for tenants and a helpful factor in maintaining strong rental demand across both units.

Well connected Murton location:

The properties are conveniently placed for local amenities, with Murton Primary school just a couple of minutes away on foot. Seaham town centre is approximately an 8 minute drive, offering a range of shops, dining and coastal amenities, while Sunderland city centre is roughly a 15 minute drive, providing a wider choice of retail and leisure facilities. The properties also benefit from good road links via the A19, approximately a 3 minute drive away.

Both flats follow a similar layout throughout. Upon entering, you are welcomed into a comfortable living room, that leads through into the kitchen. The kitchen is fitted with a practical range of base units and complemented by contrasting worktops.

Each flat offers one double bedroom and one further single bedroom, both providing comfortable accommodation for tenants.

The bathroom in each flat comprises a bath with overhead shower, wash basin and WC, finished with part tiled walls.

Externally, both flats share access to a rear yard, providing outdoor space and bin storage.

Council Tax Band: A (Durham County Council)
Tenure: Leasehold (983 years)
Ground Rent: £1 per year
Service Charge: £0 per year
999 years from 2010

Purchasing the Freehold of both properties.

Brochures

Brochure
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.
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Woods Terrace, Murton, Seaham

Approximate location

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Affordability

Monthly repayments£553
Property: £ 110,000
Deposit: £ 11,000
Interest rate: 5.35%
Term: 30 years
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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.
Recently sold & under offer
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About NGU HOMES, Gateshead

469-471 Durham Road, Low Fell, Gateshead, NE9 5EX

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Disclaimer - Property reference RS0455. 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 NGU HOMES, Gateshead. 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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