3 bed terraced house for sale

Albion Street Spenimowa, Spennymoor DL16

An excellent opportunity to purchase this three-bedroom mid-terrace property in the popular Spennymore area, offering strong appeal to both buy-to-let investors and first-time buyers.

For investors, the property represents an attractive addition to a rental portfolio, with the potential to achieve an impressive gross rental yield of approximately 9%, subject to purchase price and achieved rent. With three bedrooms, the property is well suited to the local rental market and offers the potential for a strong income-producing investment.

For first-time buyers, this is a fantastic opportunity to get onto the property ladder with a spacious and versatile home offering three bedrooms and plenty of potential to make it your own.

The property benefits from a traditional mid-terrace layout with well-proportioned accommodation, making it a practical choice for couples, families or tenants alike.

Located within the DL16 area, the property is conveniently positioned for local amenities, schools and transport connections, adding to its appeal for both owner-occupiers and prospective tenants.

Please note that any systems, appliances, or services shown in the marketing photographs have not been tested by us and will be subject to the fixtures and fittings agreement with the seller.

Once your offer has been accepted, a £5,000 exclusivity deposit is required to secure the property. This deposit forms part of the final purchase price, it also forms as apart of the mortgage deposit if using a mortgage and is not an additional cost.

The reservation deposit ensures the property is immediately withdrawn from the market and reserved exclusively for you, helping to prevent gazumping, unnecessary delays and avoidable costs for both parties.

A non-refundable administration fee of £600 (including VAT) is also payable. This fee is separate from the purchase price and covers the administration required to prepare the legally binding agreement between the buyer and seller, granting you the exclusive right to purchase the property within the pre-agreed timeframe.

For cash buyers, searches and surveys must be indemnified in accordance with our Terms and Conditions.