Property description
** Attention Investors ** Sold at a low price for a quick sale. Immaculate throughout this property is an ideal investment opportunity. Rent achievable £420 pcm giving over an 11% return! Benefitting from Double glazing throughout & GCH via Combi boiler. The property briefly comprises; Entrance via UPVC door into hallway leading to Lounge with Bay to front, Diner to kitchen utility & downstairs W/C. To the first floor Two double bedrooms & family bathroom. This property is rare to the market & we urge you to act fast to avoid disappointment.
Rental Return = £425 pcm
Professional management 10% = £42.50 pcm
Return for Cash Purchase = 11.3%
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
The Eleven Arches project which will feature \‘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.
2 Miles from Shildon - Newton Aycliffe
In 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 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
ROOM DETAILS:
Lounge - 11\‘ 8\‘\‘ x 11\‘ 9\‘\‘ (3.55m x 3.58m)
Dining area - 14\‘ 0\‘\‘ x 11\‘ 11\‘\‘ (4.26m x 3.63m)
Kitchen - 6\‘ 5\‘\‘ x 10\‘ 7\‘\‘ (1.95m x 3.22m)
Utility - 10\‘ 9\‘\‘ x 6\‘ 5\‘\‘ (3.27m x 1.95m)
Downstairs W.C. - 6\‘ 5\‘\‘ x 4\‘ 11\‘\‘ (1.95m x 1.50m)
Bedroom One - 14\‘ 1\‘\‘ x 11\‘ 9\‘\‘ (4.29m x 3.58m)
Bedroom Two - 13\‘ 11\‘\‘ x 8\‘ 1\‘\‘ (4.24m x 2.46m)
Bathroom - 5\‘ 7\‘\‘ x 4\‘ 11\‘\‘ (1.70m x 1.50m)
Property Features :
- Mid Terrace
- 2 Double Bedrooms
- New Carpets
- Completely refurbished
- Double Glazing & Gas Central Heating