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Reay Court, Chester Le Street, DH2 3DH - image 12Reay Court, Chester Le Street, DH2 3DH - image 1Reay Court, Chester Le Street, DH2 3DH - image 2Reay Court, Chester Le Street, DH2 3DH - image 3Reay Court, Chester Le Street, DH2 3DH - image 4Reay Court, Chester Le Street, DH2 3DH - image 5Reay Court, Chester Le Street, DH2 3DH - image 6Reay Court, Chester Le Street, DH2 3DH - image 7Reay Court, Chester Le Street, DH2 3DH - image 8Reay Court, Chester Le Street, DH2 3DH - image 9Reay Court, Chester Le Street, DH2 3DH - image 10Reay Court, Chester Le Street, DH2 3DH - image 11Reay Court, Chester Le Street, DH2 3DH - image 12Reay Court, Chester Le Street, DH2 3DH - image 1
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Reay Court, Chester Le Street, DH2 3DH

£40,000
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Property Type
Flat
Bedrooms
1
Bathrooms
1
Reception Rooms
1
Tenure
Leasehold
Agent
Let Property
Floor Area
494 sq ft
Price / sq ft
£81
Listed 8d ago•Updated 13h ago

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Property Summary

This well-maintained 1-bedroom leasehold flat in Chester Le Street offers an excellent buy-to-let opportunity with a current tenant in situ, generating an annual gross income of £4,620. The property features a lounge, bathroom, ensuite, kitchen, shared rear garden, and street parking, spanning 613 sq ft with a current EPC rating of C and potential to improve to B. With a current gross yield of 11.55% and potential to reach 17.61%, this investment is ideal for serious investors seeking a reliable income stream. The tenancy is self-funded with over three years remaining, ensuring consistent rental payments and minimal void periods. Additional benefits include a RICS Level 2 survey available on request and no significant ground rent costs.

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