Does this Caldermere property have investment potential?

This 3 bedroom detached house in Caldermere has come into the market this week-

CALDERMERE, SPENNYMOOR, SPENNYMOOR DISTRICT
http://www.rightmove.co.uk/property-for-sale/property-47345912.html

It's on at offers in the region of £144,000, which is still fairly competitive for a 3 bedroom detached home in Spennymoor.

I haven't seen the property myself, but it being detached, there is often an opportunity to extend when buying detached.

Looking through the estate agents poor descriptive term of "immaculately presented" (what is that supposed to mean?) it looks like a property that's been taken care of. You would need to go and see it before making any conclusions in this area, but a low or no maintenance purchase will make life easier.

I would expect a rental return of between £550 and £600 per calendar month, which is a gross annual return of between 4.6% and 5%, which is probably a little on the low side for investors, but is still a solid investment and a good buy in a popular location.