This close to Tudhoe Village will attract owners as well as investors

There's only one new property in Spennymoor listed on Rightmove since Saturday, and since Robinsons have listed it without photos, floor plans or EPC's I don't think it's worthy of further discussion.

This property, however has appeared in the last week- 

1, St Charles Road, Spennymoor

http://www.rightmove.co.uk/property-for-sale/property-49295402.html

It is a 2 bed cottage listed at £79,950 with Peter Clark of Ferryhill. Since this is a blog in the Spennymoor property market and not a blog on Spennymoor estate agents, I don't mind including a property from an agent out of town!

Despite their use of the over-used, seldom-understood words "rarely available," the agent has given a reasonable description of the property, even if the photos are insufficient and of poor quality. The location near to Tudhoe Village is a selling point and will ensure that the property appeals to owner-occupies as well as investors.

The accuracy of the pricing will be determined by the market, but the lack of photos may stifle the interest a little.

I'd expect this to gain a rental of between £395 to £425 per month. Based on the asking price, this would bring in a gross annual rental return of between 5.9% and 6.3%. This is an average rental yield, but without seeing further into the property, it's difficult to tell whether £79,950 is a reasonable price and whether there is any more work needed.