West Street, Grange Villa, Chester Le Street, DH2

Property number 54134. Enquire through Rightmove's messaging system and we'll respond within 5 minutes, 24/7.

PROPERTY INVESTORS & LANDLORDS – TENANTED BUY-TO-LET – 12.7% GROSS YIELD – FIXED £49,500

FIXED PURCHASE PRICE – £49,500

CURRENT RENT – £525 PCM / £6,300 PER ANNUM

12.7% CURRENT GROSS YIELD

TENANT ALREADY IN OCCUPATION – RENTAL INCOME ALREADY ESTABLISHED

CURRENTLY PROFESSIONALLY MANAGED BY AMRP RELOCATIONS

2-BEDROOM INVESTMENT PROPERTY

RECENT LOCAL SALES EVIDENCE SUPPLIED – £60,000 AND £61,919

NEARBY ASKING-PRICE EVIDENCE SUPPLIED FROM £60,000 TO £75,000

SELECTIVE LICENCE CURRENTLY IN PLACE – SUPPLIED EXPIRY MAY 2029

GAS SAFETY CERTIFICATE – SUPPLIED EXPIRY MAY 2027

EICR – SUPPLIED EXPIRY JANUARY 2031

FULL PROPERTY INSPECTION REPORT AVAILABLE ON REQUEST

VIDEO WALK-AROUND AND INVESTOR COMMENTARY AVAILABLE ON REQUEST

£2,500 AMRP SOURCING FEE APPLIES

AN UP-AND-RUNNING INVESTMENT

50 West Street, Grange Villa is being marketed specifically with property investors and landlords in mind.

Available at a fixed price of £49,500, this two-bedroom property is already tenanted and currently generating £525 per calendar month, equivalent to £6,300 per annum.

At the £49,500 purchase price, this represents a current gross rental yield of approximately 12.7% before management, maintenance and other ownership costs.

For an investor looking for an established buy-to-let rather than a vacant property requiring a tenant to be found before income begins, this property warrants consideration.

The tenancy and rental income are already established, the property is currently professionally managed by AMRP Relocations, and key compliance documentation has been supplied.

THE NUMBERS

Fixed Purchase Price: £49,500

Current Rent: £525 PCM

Current Annual Rent: £6,300

Current Gross Yield: 12.7%

The stated AMRP management charge is 12% plus VAT, currently £75.60 per month.

This leaves £449.40 PCM / £5,392.80 PA after the stated management charge, equivalent to approximately 10.9% of the purchase price before maintenance, insurance, licensing, voids, finance, taxation and other ownership costs.

No future rental increase has been assumed in the advertised 12.7% yield. It is calculated using the existing £525 PCM rent.

WHY THE £49,500 PRICE DESERVES ATTENTION

In addition to the existing rental return, investors may wish to consider the purchase price alongside the local sales and asking-price evidence supplied to AMRP.

Recent nearby sales supplied include:

26 Queen Street – £61,919

14 Albert Street – £60,000

For context, the subject property is available at a fixed £49,500.

There are also a number of other properties currently or previously supplied as being advertised locally at higher asking prices, including:

2-bedroom property, Pine Street – Offers Over £60,000

Albert Street – £60,000

3-bedroom property – £75,000

Same-street 3-bedroom property – OIRO £70,000

Two renovated, tenanted 2-bedroom Grange Villa properties – £140,000 combined, advertised with combined rental income of £1,000 PCM

These properties are provided as local market context rather than a formal valuation.

Individual properties can differ materially in size, bedroom number, condition, specification and other characteristics, and asking prices do not necessarily represent achieved sale prices.

Nevertheless, for an investor assessing an acquisition at £49,500, the available local price evidence may warrant further investigation alongside the existing 12.7% gross rental yield.

TENANTED FROM THE OUTSET

The property is currently tenanted at £525 PCM and managed by AMRP Relocations.

For investors, this removes one of the initial stages associated with purchasing a vacant buy-to-let: the property already has an established tenancy and rental income.

Subject to the existing tenancy continuing through completion, this provides the incoming landlord with an income-producing investment from the outset, rather than purchasing a vacant property and subsequently having to market it for rent.

Full tenancy documentation and the current tenancy position should be reviewed by the purchaser and their legal adviser as part of the conveyancing and due-diligence process.

MANAGEMENT ALREADY IN PLACE

The property is currently professionally managed by AMRP Relocations.

An incoming investor wishing to retain AMRP can therefore discuss continuation of the existing management arrangements.

This may be particularly attractive to investors looking for an established and professionally managed buy-to-let, including investors who do not live locally.

SELECTIVE LICENSING

A selective licence is required for the property.

The information supplied states that the current licence is held by AMRP and runs until 12 May 2029.

If the incoming owner retains AMRP's management services, the information supplied states that the owner's details can be updated on the existing licence.

If an incoming owner elects to move the management elsewhere, a new selective licence would be required.

The stated Durham County Council licence fee is £550, with an AMRP administration fee of £240 including VAT where applicable.

Purchasers should independently confirm the current licensing position, transfer arrangements and applicable requirements before proceeding.

COMPLIANCE INFORMATION

Information currently supplied to AMRP includes:

Selective Licence – supplied expiry 12 May 2029

Gas Safety Certificate – supplied expiry 2 May 2027

EICR – supplied expiry 13 January 2031

EPC – D62, with stated potential B81

Important: the EPC information supplied to AMRP shows an expiry date of 16 March 2026. The current EPC position should therefore be confirmed before purchase.

PROPERTY INSPECTION REPORT AVAILABLE

The property was last recorded as inspected on 27 January 2026.

A copy of the supplied property inspection and inventory report is available to prospective purchasers on request.

The report provides additional information regarding the property for investors to consider before deciding whether to progress to a viewing or further due diligence.

VIDEO WALK-AROUND AND INVESTOR COMMENTARY AVAILABLE

A video walk-around of the property has also been prepared, including commentary explaining the investment proposition.

Prospective purchasers can request access to the video through the selling agent.

BUYER DUE DILIGENCE

The property is being marketed as a tenanted investment and prospective purchasers should satisfy themselves as to all matters relevant to their purchase.

Buyers and their professional advisers should undertake their own due diligence regarding the property, tenancy, rental income, condition, compliance documentation, licensing, valuation, finance, taxation and suitability as an investment.

Rental yields stated are gross yields based on the advertised purchase price and current stated rent and do not represent net returns or a guarantee of future investment performance.

AMRP SOURCING FEE

A £2,500 AMRP sourcing fee applies to the successful purchaser.

Full details of the sourcing arrangement, fee and purchasing process will be provided to prospective purchasers before they commit to proceeding.

FURTHER INFORMATION

Prospective investors can request the available supporting information through the selling agent, including:

Property inspection report

Video walk-around and investor commentary

Tenancy information

Available compliance documentation

Selective licensing information

Further details regarding the current management arrangements

Information regarding the AMRP sourcing and purchase process

VIEWING AND ENQUIRIES

This property is being marketed specifically towards landlords and property investors seeking an established tenanted buy-to-let.

Please enquire through this property portal for further information, supporting documentation, video access or to discuss the investment opportunity.