3 bedroom terraced house for sale

Property number 52869. Enquire through OnTheMarket's messaging system and we'll respond within 5 minutes, 24/7

AMRP is pleased to make available this investment opportunity of a substantial three-bed family home, arranged over three floors, in a desirable postcode with strong rental demand.

The property is available at an offers-in-the-region-of price of £57,500. Our maintenance team estimates refurbishment works of £7,500. Adding in our standard stamp duty and your buyer legals would bring your investment to £70,000. The property is currently valued by the on-the-market valuation tool at £71,000.

So based on these figures, there’s an opportunity to acquire a desirable property, invest to bring the property to a high standard for rental, and then achieve a strong rental yield based on a projected future rent of a minimum of £550 per calendar month.

This is a location that my lettings team would be delighted to manage, as it’s an area with good rental demand from tenants, giving us the ability to attract the right tenants at the right rent level and deliver a sustainable future investment product.

13 Encombe Terrace, Ferryhill, DL17 0BN

Asking Price: £57,500

A vacant three-bedroom terraced house offering a value-add buy-to-let opportunity in Ferryhill. The property is currently vacant and has an estimated rent level of £550 per calendar month once re-let. An inspection video is available, and indicative works have been identified for investor consideration.

Investment Summary

Property Type: Terraced house

Bedrooms: 3

Tenure: To be confirmed

Status: Vacant

Estimated Market Rent (PCM): £550

Estimated Rent After Management (12% + VAT): £470.80 PCM

Anticipated Works to Re-Let (Indicative): £7,500 (see details below)

Online Valuation Tool (Indicative): £71,000 (for guidance only)

Selective Licence: Required (see details below)

Rental Figures (Provided for Guidance)

Rent Level (PCM): £550

Management Fee (12% + VAT): £79.20

Rent After Management: £470.80 PCM

Rental figures are provided as guidance and may vary depending on market conditions and the final specification following works.

Works Required (Indicative Costings)

The following items have been identified and are provided for transparency. Buyers should satisfy themselves through their own inspections and quotations:

Repairs (Indicative Quote: £7,000)

Cracked kitchen window

Missing handle to top window of rear bedroom (unable to close)

Front bedroom window handle not closing tightly at the top

Damaged kitchen floor tiles near washing machine

Extension gutter requires clearing

Damp/mould growth in ground floor bathroom (investigation, remedial works, and making good)

Water damage to kitchen ceiling

Ceiling repairs

Bathroom re-modelling after water damage

Electrical (Indicative Quote: £270)

Investigate non-working lights in ground floor bathroom

Install through-wall humidistat extractor fan to ground floor bathroom

Total Anticipated Investment to Re-Let (as provided): £7,500

Selective Licence

A Selective Licence is required.

Durham Council Fee: £550

Admin Fee (Application): £240 (incl. VAT)

Important: The selective licence is currently held by the managing agent and may be updated if the new owner retains management. If the buyer chooses alternative management, a new licence may be required. Buyers should make their own enquiries with the local authority and their advisers.

Fees & Charges (Buyer to Note)

A sourcing fee is payable via AMRP Buy To Let Advisory Services Limited:

Sourcing Fee: £2,500 total, payable as:

£60 paid to Lifetime Legal at point of offer accepted (AML, Proof & Source of Funds checks)

£2,440 paid on completion (processed by the buyer’s solicitor as a disbursement on completion)

Total Buyer Fee Payable: £2,500

Compliance & Documentation (Dates Provided)

Gas Safety Certificate Expiry: 04/09/2026

EICR Expiry: 11/03/2026

EPC Expiry: 11/06/1930 (EPC rating to be confirmed)

Selective Licence: 25/01/2028