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    Darlington Branch
    Innovation Central
    Central Park, 10 John Williams Blvd S
    Darlington
    DL1 1BF

    Tel: 01325 523756
    Email: darlington@sillars.co.uk

    Durham Branch
    Portland House
    Belmont Business Park
    Durham
    DH1 1TW

    Tel: 0191 323 6652
    Email: durham@sillars.co.uk

     

     

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    Cleveland Avenue, Darlington, DL3 7HE

    £550,000Leasehold

    665
    Map

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    Mortgage

    Estimated Monthly Mortgage Payment:
    £2,613 /mo.25 Years, 4% Interest
    Loan
    £495,000
    Total Repay
    £783,838

    Stamp Duty

    You’ll have to pay the stamp duty of:
    £17,500
    0% up to £125,000
    2% from £125,000 to £250,000
    5% from £250,000 to £550,000
    Your effective stamp duty rate is 3.18%
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    Innovation Central
    Central Park, 10 John Williams Boulevard South
    Darlington
    DL1 1BF

    t:  01325 523756
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    £550,000

    Cleveland Avenue, Darlington, DL3 7HE

    6 Bedrooms6 Bathrooms5 Receptions

    Key Information

    Tenure:Leasehold
    Service charge:Not available
    Ground rent:Not available
    Time remaining on lease:Not available
    Council tax band:Not available
    Broadband:up to 1800Mbps
    Mobile signal:*Based on indoor data coverage
    EEO2ThreeVodafone

    Key Features

    Block of 5 Self Contained Flats
    £2,545pcm income
    Scope to Increase to £3,225
    West End
    Perfect For investors
    All Occupied

    Description

    Rare investment opportunity in the West End – block of five self-contained flats generating £2,545 monthly income. Prime location with fully occupied units, and potential to increase rental yields to £3,225/month. Ideal for savvy investors seeking stable returns and growth in a sought-after locale.

    Introducing a rare investment opportunity in the prestigious West End – a block of five self-contained flats generating a lucrative income of £2,545 per calendar month. Boasting a prime location and all units fully occupied, this block of 5 apartments presents a turnkey investment tailor-made for discerning investors seeking stable returns in a sought-after locale.

    Each flat exudes contemporary charm and functionality, providing comfortable living spaces tailored to modern lifestyles. The interiors are thoughtfully designed to maximise space and natural light, ensuring a welcoming ambience throughout. From sleek kitchens equipped with modern appliances to cosy bedrooms and well-appointed bathrooms, each unit epitomises urban living at its finest.

    The existing rental income of £2,545 per month reflects the property's potential to yield solid returns from day one. Moreover, with the opportunity to enhance rental yields to an impressive £3,225 per month, astute investors can capitalise on the property's scope for growth and increased profitability.

    Positioned in the prestigious West End, residents enjoy proximity to an array of amenities, including upscale dining, boutique shopping, and cultural attractions. The neighbourhood's vibrant atmosphere and cosmopolitan flair create a highly desirable setting for tenants, ensuring a high demand for rental accommodations.

    Whether you are a seasoned investor looking to expand your portfolio or a newcomer seeking a hassle-free income stream, this block of apartments offers a rare chance to secure a prime property in a sought-after location. Investors can benefit from the steady rental income provided by fully occupied units while tapping into the potential for increased returns in the future.

    In summary, this block of apartments presents a compelling investment opportunity in the heart of the West End. With its attractive rental income, scope for growth, and ideal location, the property is perfectly poised to deliver long-term financial rewards to savvy investors. Don't miss your chance to own a piece of prime real estate in this exclusive neighbourhood – schedule a viewing today and explore the potential of this exceptional investment opportunity.

    Darlington Branch

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