Property description
**Ideal Investment Opportunity! Sold with sitting tenants!**Three bedroom mid terraced property situated within walking distance of Shildon town centre and excellent local schools. Also within easy reach of close neighbouring towns; Bishop Auckland, Newton Aycliffe and Darlington. In brief the accommodation comprises of an entrance vestibule leading to hallway, lounge, separate dining room and fitted kitchen. Whilst to the first floor are three bedrooms and family bathroom/WC. Externally there is a yard to the rear with a forecourt to the front. The property benefits from gas central heating via Combi boiler and is fitted with UPVC double glazing throughout.
We at Civic Properties have the expertise in the Investment property market, & our local area to give you a seamless service when purchasing an Investment Property. Whether you're a first time buyer or a landlord wishing to expand your portfolio we have skills to help. We will source below market value properties, instruct solicitors, arrange refurbishment if required by quality local tradesman, arrange landlords insurance, advertise your property, vet applicants, right through to managing your tenancies successfully. We will ensure your interests are protected. Don't delay & contact us today
Rental Return = £433 pcm
tenanted live investment
Professional management 10% = £43.30 pcm
Deposit 20% = £14,000
Loan 80% LTV with 4% Int Rate = £187 pcm
Positive cash flow = £202.70 pcm
Return on Capital Invested 21.1%
Return for Cash Purchase = 7.5%
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
In Newton Aycliffe, an £82m Hitachi train factory has been 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,"
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:
1930
Type of Property:
Mid Terrace
Strucure:
Brick
Roof:
Tile
Tenure:
Freehold
External:
Rear Yard
Approx rebuild Cost:
£150k (for insurance purposes)
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Property Features :
- Immaculately presented throughout
- Two Receptions
- Three Bedrooms
- GCH via Combi
- UPVC Double Glazed