Property description
Attention Investors!! Sold with sitting tenants!! 8.5% yield, based on a cash purchase!! Fully managed by ourselves with excellent tenants, this property is a not to be missed Investment opportunity.
TWO BEDROOM terrace on a corner plot, conveniently located close to Newton Aycliffe Town Centre & local schools. With open aspect to the front & enclosed private lawned rear garden. This property benefits from Gas Central Heating via combi boiler & double glazing throughout. The property briefly comprises: Entrance porch leading to open plan kitchen/diner with access to rear garden. Through to the lounge & conservatory with french doors to the garden. To the first floor two double bedrooms & modern bathroom fitted with white suite & shower. Excellent Investment opportunity!!LOCAL AREA:
In September 2015 an £82m train factory has been officially opened in Newton Aycliffe. At the opening ceremony 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,\" This weekend the massive £35m 'Kynren' show airs live! which is 7 miles from Newton Aycliffe. A further £60m is being spent on Bishop Auckland Market Place. The Eleven Arches project will feature open-air shows and historical re-enactments in the grounds of Auckland Castle, Bishop Auckland from 2016, which aims to attract 800,000 visitors a year, create jobs and boost the economy.
LOCAL AMENITIES:
Primary Schools: Vane Road, Sugar Hill, St Marys. Secondary: Woodham Comprehensive, GreenfieldUniversity: Opening 2016 University Technical College. Durham University (ranked top 5 in the UK)Doctors: Pease Way medical centre, Bewick Crescent, Jubilee Medical GroupShopping: 300 Metres from Tesco Extra. 2 Minute walk from Town Centre
Approx Year built: 1950
Type of property- Mid terrace
Tenure: Freehold
Structure: Brick
Roof: Tile
External: Open aspect to front, enclosed rear garden
External condition: Well maintained in appearance with property age
Garage/Outbuilding: Front Porch. Wooden shed in rear garden
Approx rebuild cost: £160k for insurance purposes
Windows: UPVC double glazed throughout
GCH: Combi boiler
Entrance Porch
Entry via UPVC Entrance door and UPVC Window to front elevation. Decorated with colour washed walls and tiled flooring.
Kitchen/Diner - 15' 9'' x 14' 3'' (4.80m x 4.34m)
Entrance via UPVC door from Porch into open plan Kitchen/Diner. Light oak wall & floor units, grey/silver laminate worktops with black decorative splashbacks. With fitted electric black hob, chrome extractor, black cooker, stainless steel sink and taps. Built in shoe storage. Decorated with colour washed walls, artex ceiling & tile effect laminate flooring. Double panel radiator. UPVC Window to rear elevation & UPVC door to rear garden.
Lounge - 15' 0'' x 9' 7'' (4.57m x 2.92m)
Decorative wood entrance door, decorated with feature wallpaper, colour washed walls & electric fire with light walnut laminate flooring. Double panel radiator,
Conservatory - 13' 9'' x 10' 11'' (4.19m x 3.32m)
Archway from Lounge to Conservatory, decorated with colour washed walls and light walnut laminate flooring. Electric fan light. Double panel radiator. UPVC Double glazed French Doors opening out to rear garden, all windows & doors fitted with vertical blinds.
Bedroom One - 15' 3'' x 9' 8'' (4.64m x 2.94m)
Double glazed window to the side elevation with fitted vertical blinds, decorated with colour washed walls, artex ceiling and carpet flooring with built in storage cupboard. Double panel radiator.
Bedroom Two - 12' 4'' x 10' 0'' (3.76m x 3.05m)
Double glazed window to the front elevation, decorated with colour washed walls, artex ceiling & fitted carpet. Aerial point and built in storage cupboard. Double panel radiator
Bathroom - 9' 5'' x 4' 7'' (2.87m x 1.40m)
Excellently finished with fitted white suite with chrome fittings. Tiled walls with decorative border, electric shower with shower screen, vinyl flooring.
There are a lot of exciting things happening in County Durham, which makes now an excellent time to purchase an investment property at a reduced price, with the economic boost in the local area bound to have a knock on effect on the property values thus impacting on capital growth.
Property Features :
- Mid Terrace
- 2 Bedrooms
- Close to town centre
- Gas Central Heating
- Double Glazing