Parkside in Spennymoor will attract families and investors

A new property to the market is this 3 bedroom family home that's just come to the market via Dowen-

PARKSIDE, SPENNYMOOR, SPENNYMOOR DISTRICT

http://www.rightmove.co.uk/property-for-sale/property-50169509.html

It's in the ever-popular Parkside and has gone on the market at £118,500. Although it's another example of an estate agent not getting to grips with portal pricing, there's definitely potential here. It may appeal more to a family than an investor, but there's probably value here for either.

It's got three bedrooms and a kitchen/diner, which is popular for current buyers. Personally I'd get the estate agent back round to re-take some of the photos - a car on the drive is never a good start, for example.

For an investor, this property would attract a monthly rental return of between  £525 and £600. This equates to an annual rental return of between 5.3% and 6.1%, based on the asking price.

For a family home, there is always a demand for homes on Parkside. There have been 8 sales on Parkside in the last 5 years, with sold prices ranging from £86,000 to £130,000 but recent sold prices have been towards the lower end of this range-

http://m.nethouseprices.com/soldprices/property_results?street=PARKSIDE&town=SPENNYMOOR&outcode=DL16

It's definitely worth viewing for investors and owner-occupiers, so call the agent and make an appointment!