Morrison Terrace, Ferryhill

High-Yield Investment Opportunity – 3-Bedroom End-Terrace
Positioned next to Mainsforth Cricket Field, this spacious three-bedroom end-terrace property presents an excellent opportunity for landlords and property investors looking for a ready-to-go investment with a tenant already in situ.
The property is currently let at £550 per calendar month, providing the new owner with an immediate rental income from day one. At the asking price of £80,000, this equates to an attractive 8.25% gross rental yield, with further scope for rental growth in the future towards full market value.
The property offers spacious three-bedroom accommodation and provides a practical and appealing home for long-term tenants, making it a strong addition to an existing portfolio or an ideal investment for a first-time landlord.
The garage and grassed area located to the rear, across the road from the property, are not included in the freehold. These are currently rented at a cost of £40 per year.
Importantly, the property is fully compliant, with no immediate compliance expenditure required for the incoming landlord. The EPC is rated C and is valid until November 2035, while the EICR has five years remaining. The CP12 Gas Safety Certificate was completed on 16 June 2026.
With an established tenancy, immediate rental income, an attractive gross yield and all key safety certification up to date, this is a straightforward investment opportunity requiring no immediate compliance spend.
For further information or to arrange a viewing, please contact us today.
Get ready for speedier, smoother and more successful sales with Sale Ready properties!
The vendors have opted to provide a legal pack for the sale of their property which includes a set of searches. The legal pack provides upfront the essential documentation that tends to cause or create delays in the transactional process.
The legal pack includes:
Evidence of title
Standard searches (regulated local authority, water & drainage & environmental)
Protocol forms and answers to standard conveyancing enquiries
The legal pack is available to view in the branch prior to agreeing to purchase the property. The vendor requests that the buyer purchases the searches provided in the pack which will be billed at £360 (inc. VAT) upon completion.
Vestibule
3'4" × 4'4" — 1.04m × 1.33m
Hallway
3'4" × 12'1" — 1.03m × 3.69m
Lounge
14'0" × 13'1" — 4.29m × 4.00m
Dining Room
14'2" × 15'7" — 4.33m × 4.77m
Kitchen
6'0" × 13'10" — 1.83m × 4.23m
Landing
3'1" × 15'9" — 0.95m × 4.82m
Bedroom 1
8'8" × 16'7" — 2.65m × 5.07m
Bedroom 2
9'11" × 12'3" — 3.03m × 3.76m
Bedroom 3
7'10" × 13'1" — 2.41m × 4.01m
Bathroom
5'11" × 7'10" — 1.82m × 2.40m