3 bedroom terraced house for sale

Property number 52641. Enquire through OnTheMarket's messaging system and we'll respond within 5 minutes, 24/7

roperty Overview

A three-bedroom freehold terraced house offered for £44,999 on an investment basis with the tenant to remain in situ. Positioned on Davy Street, Ferryhill (DL17 8PN), the property benefits from gas central heating, Council Tax Band A, and is currently professionally managed by AMRP Relocations. Ideal for landlords seeking a low-cost asset with immediate income continuity and a compliant tenancy.

Key Features

Freehold 3-bed terrace

Tenanted; sale with tenant to remain in situ

Gas central heating

One bathroom

Council Tax Band A

EPC: current C-76, potential B-89 - Expiry date - 9-2-2031

Currently managed by AMRP Relocations (management can continue post-sale)

Selective Licence in place for the property (Durham County Council area)

Investment & Tenancy Information

Projected market rent: £550 pcm (guidance only)

Illustrative management fee: 12% + VAT (£79.20 pcm)

Illustrative rent after management: £470.80 pcm

Illustrative gross yield (on asking price, using projected rent): c. 14.7–15%

AMRP has historically retained tenants throughout sales by managing communications and investor viewings.

Selective Licence: required in this area. Current licence is held by AMRP; if the purchaser keeps AMRP as agent, the licence can be updated to the new owner’s details (council fee currently £550; AMRP admin fee £240 incl. VAT). If management changes, a new licence application would be required.

Price, Fees & Notes

Asking price: £44,999

Buyer pays sourcing fee to AMRP Buy to Let Advisory Services Limited: £2,500 (payable as per agency invoice; VAT position to be confirmed)

Indicative Stamp Duty (investor/second home): shown on factsheet as £2,500 (buyers must obtain their own calculation).

Compliance & Certificates (as provided)

Gas Safety Certificate: valid to 31/03/2026

Electrical Installation Condition Report (EICR): valid to 13/10/2027

EPC: current C-76, potential B-89 - Expiry date - 9-2-2031

Important Notices

All figures (rent, yield, costs, stamp duty) are for guidance only and subject to purchaser verification. Tenancy details, compliance certificates, licensing and title information will be supplied to serious purchasers and should be verified by your solicitor before exchange of contracts.

Location & Media

Address: 20 Davy Street, Ferryhill, DL17 8PN

Video tour:

Material Information (NTSELAT Parts A, B & C)

Part A – Essential Facts

Tenure: Freehold

Property type: Terraced house

Bedrooms: 3 | Bathrooms: 1

Price: £44,999 (guide/asking)

Council Tax: Durham County Council – Band A

EPC: current C-76, potential B-89 - Expiry date - 9-2-2031

Occupancy: Tenanted – tenant to remain post-completion

Part B – Building, Utilities & Construction (what we know / what is to be confirmed)

Heating: Mains gas central heating (boiler details TBC)

Utilities: Mains electricity, water, and drainage assumed; confirmation required

Water meter: TBC

Broadband & Mobile: providers/speeds and signal TBC (buyers should check availability for the address)

Parking: on-street parking TBC (any permits/restrictions to be confirmed)

Building safety/structure: no adverse information supplied; TBC via survey/enquiries

Rights/easements/restrictive covenants: TBC from title

Flood risk, coastal erosion, coal/mining and other environmental matters: TBC via searches/reports

Accessibility: standard residential access; step/threshold details TBC

Planned developments in vicinity: TBC

Part C – Costs & Other Considerations

Ongoing charges: None known for freehold (no ground rent/service charge)

Selective Licence: Yes (Durham). Council fee currently £550; AMRP admin fee £240 incl. VAT if AMRP manages the licence transfer

Utilities running costs: TBC (historic bills not supplied)

Local authority: Durham County Council

Sourcing fee payable by buyer: £2,500 (AMRP)

Any rent arrears/deposits/AST details: TBC (to be confirmed during due diligence)

Important Notices

All figures (rent, yield, costs, stamp duty) are for guidance only and subject to purchaser verification. Tenancy details, compliance certificates, licensing and title information will be supplied to serious purchasers and should be verified by your solicitor before exchange of contracts.