Property description
**Ideal Investment Opportunity- Rent achievable £450 pcm** Rare to the market, Beautifully presented Large Two Bedroom House. 120ft rear Garden & with off street parking & Garage to the rear of the property. Benefitting from double glazing throughout & GCH via Combi boiler. Briefly comprises open plan lounge with staircase to the first floor, modern fitted kitchen, small garden room with access to rear garden, family bathroom. To the first floor two double bedrooms with fitted wardrobes. Viewing is highly recommended to appreciate the standard of accommodation on offer.
Rental Return = £433 pcm
Professional management 10% = £43.30 pcm
Deposit 20% = £13,000
Loan 80% LTV with 4% Int Rate = £173 pcm
Positive cash flow = £259.67 pcm
Return on Capital Invested 24%
Return for Cash Purchase = 8%
Figures are for illustration purposes only, please contact a financial adviser who can give you personalised projections
Local Area: An excellent time to purchase a Below Market Value property in County Durham
2 Miles from Shildon- Bishop Auckland
Launched in July 2016, The Eleven Arches project features \‘Kynren - an Epic tale of England\‘ set in the grounds of Auckland Castle. This open air show will boast a 500 strong cast & has been hailed as a worldwide \‘must see attraction for 2016\‘. The project aims to attract up to 800,000 tourist visitors per year. Bishop Auckland Market Place & Auckland Castle are also undergoing a massive £60 Million renovation, making Bishop Auckland an exciting place to be investing right now.Search thisisdurham/kynren for details.
2 Miles from Shildon - Newton Aycliffe
In September 2015 an £82m Hitachi train factory has officially opened. The Hitachi plant will employ 730 workers assembling high-speed Intercity trains for the East Coast and Great Western main lines. Then Prime Minister David Cameron said it was a \"show of confidence\" in the region. \"This is Hitachi\‘s first factory in Europe and their massive investment is a sign of their commitment to the United Kingdom and a real show of confidence in our economy and of confidence in the North East,\"
Approx Year Built: 1920
Type of Property: Mid Terrace
Structure: Brick
Roof: Tile
Tenure: Freehold
External: 120ft Garden, off Street parking, Garage
Approx rebuild cost: £130k (for insurance purposes)
ROOM DETAILS:
Lounge - 16\‘ 8\‘\‘ x 14\‘ 2\‘\‘ (5.08m x 4.31m)
With double glazed bay window
Kitchen - 10\‘ 5\‘\‘ x 10\‘ 4\‘\‘ (3.17m x 3.15m)
Bathroom
Bedroom One - 10\‘ 6\‘\‘ x 10\‘ 6\‘\‘ (3.20m x 3.20m)
With fitted wardrobes
Bedroom Two - 15\‘ 3\‘\‘ x 9\‘ 6\‘\‘ (4.64m x 2.89m)
With fitted wardrobes
Small Garden Room
With access to rear garden
Property Features :
- Immaculately Presented
- 2 Double Bedrooms
- Modern Kitchen
- Gas Central Heating
- Double Glazing