Spennymore, County Durham
£110,000Guide Price
For more information please contact our team:
Pure Investor is delighted to present this well-proportioned two-bedroom ‘coach house’ style apartment. The property is currently tenanted at £650.00pcm (£7,800.00 per annum), and the property will be sold with the tenant in situ (no onward chain) ensuring immediate rental income to the new owners. The property is in excellent condition and is currently managed by a local estate agent.
The property presents an attractive opportunity for investors seeking an established rental investment. The current tenant has been reliable and would like to continue their tenancy, providing scope for continuity of rental income following completion.
The property currently generates £650 per calendar month (£7,800 per annum). Based on the asking price of £110,000, this equates to a gross rental yield of 7.1% (7.1% net)
Current monthly rental income breaks down as follows:
Total: £1,300 per month | £7,800 per annum
With an asking price of £110,000 and a gross annual income of £7,800, this property delivers a robust net yield of 7.0%, significantly above the national average for residential buy-to-let investments, which typically sits between 4–6%.
Spennymoor offers an attractive opportunity for buy-to-let investors, thanks to its relatively affordable property prices and strong demand for rental accommodation from local workers and families. Its proximity to Durham, Bishop Auckland and Newton Aycliffe, alongside access to major employment areas and transport links, makes it a potentially appealing location for investors seeking competitive rental yields and long-term capital growth.
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Property Price
Mortgaged
Cash Purchase
Deposit
£0.00
£110,000.00
Sourcing Fees
£3,000.00
£3,000.00
Legal Fees
Stamp Duty
Cash Invested
Property Rent
Rental Per Month
£650.00
£650.00
Rental Income PA
£7,800.00
£7,800.00
Mortgage Details
Interest Only Rate
N/A
Mortgage Balance
N/A
Annual Interest Cost
N/A
Property Management
I would like this property managed on my behalf
Management Fee Rate
Management Fee PA
£0.00
£0.00
Growth Assumptions
Capital Growth P/A
Rental Growth P/A
Year 1 - Return on Investment
Annual Gross Profit
£0.00
£0.00
ROCE Year 1
0%
0%
Year 2 - Return on Investment
Retnal Income
£0.00
£0.00
Property Valuation
£0.00
£0.00
Management Fee
£0.00
£0.00
Gross Profit
£0.00
£0.00
ROCE Year 2
0%
0%
Year 3 - Return on Investment
Retnal Income
£0.00
£0.00
Property Valuation
£0.00
£0.00
Management Fee
£0.00
£0.00
Gross Profit
£0.00
£0.00
ROCE Year 3
0%
0%
Year 4 - Return on Investment
Retnal Income
£0.00
£0.00
Property Valuation
£0.00
£0.00
Management Fee
£0.00
£0.00
Gross Profit
£0.00
£0.00
ROCE Year 4
0%
0%
Year 5 - Return on Investment
Retnal Income
£0.00
£0.00
Property Valuation
£0.00
£0.00
Management Fee
£0.00
£0.00
Gross Profit
£0.00
£0.00
ROCE Year 5
0%
0%
Compounded ROI after 5 Years
Cash Invested
£0.00
£0.00
Interest Paid
£0.00
N/A
Rent Received
£0.00
£0.00
Management Fee Paid
£0.00
£0.00
Gross Profit
£0.00
£0.00
ROCE After 5 Years
0%
0%
Growth in Property Value
£0.00
£0.00
Overall Return on Investment
5 Year Combined Gross Profit + Growth in Property Value
£0.00
0%
£0.00
0%
If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.
