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County Durham
Avenue House, Suite 3 Greenwell Road, Newton Aycliffe, DL5 4DH
Teesside
8 Town Square Billingham TS23 2LY

High Northgate, Darlington, DL1 1UJ

Offers In Region of £210,000Freehold

533
BrochureMap

Key Information

Tenure:Freehold
Council tax band:A
Broadband:up to 1800Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

Excellent Investment Opportunity
3 Apartments with Sitting Tenants
Central Location
Energy Performance Certificate: C, C, E

Description

This property represents a fantastic investment opportunity with three self-contained apartments, all occupied by sitting tenants, providing an immediate income stream. Here’s why it stands out:

  • Steady Rental Income: Generates a total of £1,255 per month (£15,060 annually) from tenants already in place.

  • Attractive Gross Yield: With an asking price of just £210,000, this property offers an impressive 7.17% gross rental yield, making it a high-performing investment.

  • Diverse Unit Mix: Includes two 1-bedroom flats and one spacious 3-bedroom flat, ensuring broad rental appeal.

  • Low Entry Risk: No void periods to worry about thanks to the sitting tenants, giving you instant returns from day one.

This is a ready-made investment opportunity with significant potential to grow rental income further, depending on market rates. Don’t miss the chance to secure this high-yielding, income-generating property!

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Full Name
Email Address
Telephone
Corporation Road Community Primary School
(0.21 miles)
Good
Number of pupils: 257
Age Range: 3 - 11
Northwood Primary School
(0.39 miles)
Good
Number of pupils: 356
Age Range: 3 - 11
Reid Street Primary School
(0.43 miles)
Good
Number of pupils: 381
Age Range: 4 - 11
Gurney Pease Academy
(0.51 miles)
Good
Number of pupils: 220
Age Range: 2 - 11
Rise Carr College
(0.54 miles)
Good
Number of pupils: 26
Age Range: 11 - 16
St Aidan's Church of England Academy
(0.85 miles)
Good
Number of pupils: 510
Age Range: 11 - 16
Harrowgate Hill Primary School
(0.88 miles)
Requires improvement
Number of pupils: 596
Age Range: 3 - 11
Longfield Academy
(0.97 miles)
Inadequate
Number of pupils: 884
Age Range: 11 - 16
St Augustine's RC Primary School
(1 miles)
Good
Number of pupils: 192
Age Range: 4 - 11
Holy Family RC Primary School
(1.06 miles)
Good
Number of pupils: 197
Age Range: 4 - 11

Property Calculators

Property Value (£)
Deposit (£) 10.00%
Duration (Years)
Interest Rate (%)

Mortgage

Estimated Monthly Mortgage Payment:
£1,051 /mo.
25 Years, 4.5% Interest
Loan
£189,000
Total Repay
£315,157

Stamp Duty

You’ll have to pay the stamp duty of:
£1,700
0% up to £125,000
2% from £125,000 to £210,000
Your effective stamp duty rate is 0.81%

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