3 bed House - Terraced for Sale

A well-presented mid-terrace investment property situated in a popular residential location in Spennymoor. Currently tenanted and generating a monthly rental income of £550, this three-bedroom home offers a strong gross yield and is ideal for buy-to-let landlords or investors seeking a steady return. Property Features: . Three bedrooms . One reception room . Fitted kitchen . Bathroom and separate W/C . Low-maintenance rear yard . Mid-terrace . Freehold tenure . Council Tax Band A . Currently tenanted at £550 PCM Rental Yield: . Asking price: £75,000 . Annual rent: £6,600 . Gross yield: approx. 8.8% . Suitable for halal mortgage structures (e.g. Diminishing Musharakah) Location and Amenities: Located on Craddock Street, this property is just a short walk from Spennymoor town centre, offering convenient access to shops, supermarkets, local services, and leisure facilities. Transport Links: . Excellent connectivity via the nearby A688 and A167 . Approximately 6 miles from Durham City Centre . Regular bus routes to Durham, Bishop Auckland, and surrounding areas . Durham railway station provides national rail links Schools and Education: . Nearby primary schools include Ox Close Primary and Rosa Street Primary . Secondary education available at Whitworth Park Academy . Nurseries and childcare services also within easy reach This property represents a smart investment with stable rental income and strong tenant demand. Its compatibility with ethical finance structures such as halal mortgages further broadens its appeal. To arrange a viewing or for more details, please contact Stonebanks today!