This two bedroom terraced house is located in the popular village of Trimdon just 7.9 miles from the bustling city of Durham. The house is in a great condition and comes with two large bedrooms, a large kitchen-diner, large living room, updated bathroom and garden. The management company have already screened the tenants and they will place the tenants once you have closed on the property. This property is managed by a great local management company.
Trimdon is a small village just on the outskirts of Durham City , it is just over 10 minutes by car. Durham City has one of the best Universities in the North-East of England, Durham Castle and Durham Cathedral are part of the UNESCO World Heritage Site. Newcastle City is less than 30 miles away.
Purchase price: 39,900
Gross annual rental income: £4,200
Property running costs: £1,935
(Tax, insurance and management costs)
Net annual rental income: £2,265
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 9%