2 bed terraced house for sale

Spen Street, Stanley, County Durham DH9

Investment Opportunity! Two Bedroom Terraced Property with Long-Term Sitting Tenant.

Sylvester Properties are pleased to present to the sales market this spacious two-bedroom property situated on Spen Street, Stanley. Offered with a long-term sitting tenant in place, the property currently generates an attractive yield of approximately 8.77%, making it an ideal addition to an investor's portfolio.

Property Description
The accommodation has been well maintained by the current tenant and briefly comprises:

Ground Floor
The property opens into a generously sized family lounge featuring neutral white décor, grey wood-effect flooring, a double-glazed window, and a wall-mounted radiator, creating a bright and welcoming living space.

To the rear is the fitted kitchen, offering a range of wall and base units, complementary work surfaces, and tiled splashbacks, providing ample storage and workspace.

First Floor
The first floor comprises two well-proportioned double bedrooms, both benefiting from neutral décor, fitted carpets, double-glazed windows, and wall-mounted radiators.

The family bathroom is fitted with a white three-piece suite consisting of a panelled bath with overhead shower, wash hand basin, and low-level WC.

Externally
To the rear of the property is a spacious enclosed yard, providing useful outdoor space and low-maintenance surroundings.

Important note to purchasers/tenants
Making an Offer
All offers must be supported with:
A mortgage Agreement in Principle (if applicable)
Proof of deposit and/or available funds
Full details of your buying chain, including estate agents and solicitors
Under Money Laundering Regulations, we must also see proof of id for all buyers before we can issue an offer acceptance letter or instruct solicitors.
Important Information
We aim to provide accurate property details, but they do not form part of any offer or contract.
Services and appliances have not been tested.
Photos, measurements, and floor plans are for guidance only and may not be exact.
If you need clarification on anything, please contact us-especially if travelling a long distance to view.

For Buyers
Any fixtures and fittings not listed should be confirmed with the seller directly.

For Tenants
A security deposit of at least one month’s rent is required.
Rent is paid monthly in advance.
Tenants must insure their own belongings.
Tenants are usually responsible for all utility bills and Council Tax.

Referral Fees
In accordance with the Estate Agents’ (Provision of Information) Regulations 1991 and the Consumer Protection from Unfair Trading Regulations 2008, we are required to inform you that we may receive referral fees for services offered to sellers and purchasers. These may include:
Conveyancing: We may receive an average referral fee of £120.00 inv VAT.
Surveying services: We may receive an average referral fee of £120.00 inc VAT.