County Durham - four properties, yields from 8% to 10%

Right now we're marketing four properties across County Durham with gross yields between 8% and 10%. These aren't hypothetical examples - they're live opportunities, from £35,000 in Wingate to £99,950 in Kelloe. County Durham continues to offer some of the most accessible entry points in the country, and the latest figures show rents and prices both rising steadily underneath that.

📊 The numbers

  • Average house price: £138,000 (UK average: £268,000)
  • Average rent: £629 pcm - up 6.6% in the last year
  • House price growth: 4.3% year-on-year

That's nearly £130,000 below the UK average on purchase price, with rents continuing to push upward. For landlords who know the area, the entry point here remains one of the most accessible in the country - and the numbers suggest that's not slowing down any time soon.

🏠 What you can buy

  • Flat: ~£75,000
  • Terraced: ~£119,000
  • Semi-detached: ~£166,000
  • Detached: ~£230,000

💷 What you can charge

  • 1 bed: ~£500 pcm
  • 2 bed: ~£620 pcm
  • 3 bed: ~£730 pcm
  • 4 bed+: ~£900 pcm

📊 Rental demand

Demand across County Durham is steady and underpinned by a broad tenant base. The county is large and varied - from the former mining towns in the north and west to the cathedral city of Durham itself - and the rental market reflects that.

Two and three-bed terraced properties make up the bulk of rental stock and tend to let consistently. Durham City commands a premium, particularly around the university, while the wider county - towns like Peterlee, Consett and Wingate - is where the strongest gross yields are right now. These former mining and industrial towns combine very low purchase prices with steady, long-established local rental demand - which is exactly why the yields can be as strong as they are. The four properties below illustrate that perfectly.

Worth flagging - low purchase prices don't automatically mean the numbers stack up. Maintenance costs on older stock can be higher than expected, and void periods vary significantly between locations. EPC requirements alongside the Renters' Rights Act are also things any landlord buying now needs to factor in early rather than late. The landlords doing well in County Durham are the ones who are selective - choosing the right area, the right property type, and making sure their rents are keeping pace with a market that has moved meaningfully in the last couple of years.

Recent properties we're marketing

3 Bed Semi-Detached House - Tate Avenue, Kelloe - £99,950 - 8% yield
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3 Bed Semi-Detached House - Lilac Place, Consett - £90,000 - 9% yield
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2 Bed Terraced House - Ashton Street, Peterlee - £45,000 - 10% yield
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3 Bed Terraced House - Cravens Cottages, Wingate - £35,000 (cash buyers preferred) - 10% yield
View property

Yields calculated on gross annual rent against asking price. Properties at this price point typically move quickly.

For more properties we're marketing in County Durham, visit nguhomes.co.uk

If you'd like to check whether your current rent is still where it should be, or talk through a potential purchase, just reply and I'll be happy to go through it with you.

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