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47, High Hope Street, Crook, DL15 9JB

Freehold Two Bedroom End Terraced House – Ideal Investment Opportunity – Potential Yield 10.11%
Location: 47 High Hope Street, DL15 9JB
Property type: House, Residential
Tenure type: For Sale Freehold
Tenancy type: Vacant
End of terrace
Two bedrooms
Potential rental income of £400 pcm (£4,800 per annum)
Potential gross yield of 11.7%
Sold with vacant possession
Gas central heating
Double glazed windows

This residential property is located on High Hope Street, in Crook, which is in the constituency of North West Durham.
The property is a five-minute walk from the local school and the centre of Crook; a designated conservation area and historic market town, which features a variety of shops and businesses.
For a town of its size Crook also features a good selection of pubs, cafes and restaurants. In addition, there are outlets from large retail chains including Lidl, Aldi and Co-op Foods to a mix of smaller independent retailers.
The town also lies between the A68 and the A167 proving good transport links to the motorway and nearby towns and cities.


• For Sale By Online Auction: 27th – 28th February 2019
• Guide Price: £41,000+
• Freehold residential investment
• Vacant: Potential income of £4,800 per annum
• Potential yield of 11.7% based on the guide price

The ground floor comprises a well-presented living room with a wall mounted electric feature fire. The kitchen enjoys a Vokera combi boiler, laminate flooring, fitted wall and base units with tiled splashbacks, electric oven and hob and an under stairs storage cupboard.

The first floor comprises of a landing, with access to large roof space; two double bedrooms, one being fitted with a carpet and having lovely open views to the rear. There is also a bathroom with inset ceiling spot lights, three-piece suite, electric shower over bath with screen and wood effect flooring.

The exterior of the property consists of on street parking to the front and an easily maintainable yard with views to the rear.

Living Room: 16’00” x 12’08” / 18.82 sq. m
Kitchen: 14’05” x 10’05” / 13.95 sq. m
Bedroom One: 15’01” x 10’05” / 14.59 sq. m
Bedroom Two: 10’03” x 9’03” / 8.80 sq. m
Bathroom; 12’04” x 4’05” / 5.06 sq. m
(Figures provided by third-party)

We understand the property has mains gas, electricity, water and drainage. However, interested parties should make their own enquiries.


Council Tax
The property is subject to council tax band A. The rate payable for 2018/2019 is £1,261 pa.

Investment Analysis
We envisage this property could let at £400 pcm (£4,800 per annum). This would represent a potential gross yield of 11.7%, based on the guide price.

Guide Price

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2% (min. £3,600) inc. VAT

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