Property description
**Investment Opportunity** In need of refurbishment this good size 2 bed property is not to be missed. Requires £10,000 refurbishment inc; heating system, kitchen, bathroom, redecoration & carpets throughout.
Rental return = £390 pcm
Professional 10% Management = £39pcm
Return for Cash Purchase = 12%
Figures are for illustration purposes only, please speak to a financial adviser for personal illustration
AN EXCELLENT TIME TO PURCHASE AN INVESTMENT PROPERTY IN COUNTY DURHAM:
2 Miles from Eldon - Bishop Auckland
Launched in July 2016, The £35m Eleven Arches project features \‘Kynren - an Epic tale of England\‘ set in the grounds of Auckland Castle, Bishop Auckland. Hailed as a must see attraction, will attract up to 800,000 visitors a year. The £60 Million project to renovate Auckland Castle & Bishop Auckland Market Place is also well underway.Copy & paste this link into your browser for details: www.thisisdurham.com/kynren.
3 Miles from Eldon - Newton Aycliffe
An £82m Hitachi train factory has officially opened in September 2015. The Hitachi plant will employ 730 workers assembling high-speed Intercity trains for the East Coast and Great Western main lines. The 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:
1930
Type of property:
Mid terrace
Structure:
Brick
Roof:
Tile
Tenure:
Freehold
External:
Rear yard
Approx rebuild cost:
£130k- For Insurance purposes
Property Features :
- Two Bedrooms
- High yield return
- Full refurbishment throughout
- £10k refurb required