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Branch Information

Darlington Branch
Blackwell Business Centre
Darlington
Co Durham
DL3 8QF

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

Sold STC

Johnson Street (Sales), Eldon Lane, Bishop Auckland, DL14 8TJ

Offers In Region of £55,000Freehold

311
Map

Key Information

Tenure:Freehold
Council tax band:A
Broadband:up to 80Mbps
Mobile signal:*Based on indoor data coverage
EEO2Vodafone

Key Features

SOLD WITH SITTING TENANT - CASHFLOW FROM DAY ONE!
Three Bedroom Terraced Home
ÂŁ350 PCM Rental Income - 7% Gross Yield
POTENTIAL TO INCREASE RENT TO ÂŁ475 - POTENTIAL 10% GROSS YEILD
Lettings/Management Services Available

Description

Investment opportunity alert! Three-bed mid-terraced house with sitting tenant generating ÂŁ350/month, potential 10% gross yield. Ideal for investors seeking easy income and property management services. Act fast - this gem won't last long!

Attention investors and savvy buyers looking for a knockout deal! Feast your eyes on this gem - a three-bedroom mid-terraced house that’s not just your ordinary home, but a golden investment opportunity waiting to be snapped up!

Let’s cut to the chase - this property comes with a big cherry on top - a sitting tenant! That’s right folks, cashflow from day one, no need to stress about finding a renter. With £350 per month in rental income, you're looking at a juicy 7% gross yield. But wait, it gets even better - there’s potential to crank up the rent to £475, giving you a potential 10% gross yield! Cha-ching!

This three-bedroom terraced beauty has all the right ingredients for a smart investment move. With a solid base of rental income and the potential for even more, you’re looking at a solid addition to your portfolio or a perfect starter investment for those dipping their toes into the property game.

And don’t worry about the hassles of managing the property - lettings and management services are available to make your life easier. Sit back, relax, and watch the pounds roll in while someone else takes care of the day-to-day.

Location? Check. Investment potential? Check. Easy peasy rental income? Check. This property ticks all the boxes for those looking to make their money work harder for them. So, whether you're a seasoned property investor looking to expand your empire or a first-timer wanting to dip a toe in the landlord waters, this house screams opportunity!

Just imagine the satisfaction of knowing you have a property that practically pays for itself. So, what are you waiting for? With a sitting tenant in place, a healthy rental income, and services available to make your life easier, this property won’t hang around for long.

Don’t let this opportunity pass you by. Snatch up this investment dream and watch your bank account thank you later. Call now to arrange a viewing and secure your future cashflow from day one!

Hallway
Entrance hallway, Upvc Door, carpet flooring, access to stairs.

Lounge 12' 3" x 11' 10" (3.74m x 3.61m)
Upvc window to front, carpet flooring, radiator.

Kitchen 13' 9" x 15' 1" (4.19m x 4.61m)
Large Kitchen/Diner, Upvc window to rear, vinyl flooring, fitted wall and base units, sink/drainer, under stairs storage cupboard.

Rear Lobby
Upvc door to rear, laminate flooring.

Bathroom 7' 3" x 6' 5" (2.20m x 1.95m)
Window to side, bath with shower over, basin, WC, vinyl flooring, radiator.

Bedroom One 12' 3" x 11' 9" (3.74m x 3.59m)
Window to front, carpet, radiator.

Bedroom Two 10' 7" x 9' 4" (3.22m x 2.85m)
Window to rear, carpet, radiator.

Bedroom Three 13' 9" x 5' 6" (4.19m x 1.67m)
Window to rear, carpet, radiator.

Arrange Viewing

Prince Bishops Community Primary School
(0.28 miles)
Outstanding
Number of pupils: 219
Age Range: 2 - 11
Thornhill Primary School
(0.69 miles)
Outstanding
Number of pupils: 207
Age Range: 4 - 11
St Andrew's Primary School
(0.9 miles)
Good
Number of pupils: 131
Age Range: 3 - 11
St John's Church of England Aided Primary School, Shildon
(0.91 miles)
Outstanding
Number of pupils: 229
Age Range: 3 - 11
Cockton Hill Junior School
(1.23 miles)
Good
Number of pupils: 224
Age Range: 7 - 11
Cockton Hill Infant School
(1.23 miles)
Good
Number of pupils: 133
Age Range: 2 - 7
Timothy Hackworth Primary School
(1.25 miles)
Good
Number of pupils: 397
Age Range: 2 - 11
King James I Academy Bishop Auckland
(1.41 miles)
Good
Number of pupils: 944
Age Range: 11 - 18
Victoria Lane Academy
(1.48 miles)
Good
Number of pupils: 192
Age Range: 3 - 11
St Joseph's Catholic Primary School, Coundon
(1.48 miles)
Number of pupils: 120
Age Range: 2 - 11

Payment Calculator

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ289 /mo.25 Years, 5% Interest
Loan
ÂŁ49,500
Total Repay
ÂŁ86,812

Stamp Duty

You’ll have to pay the stamp duty of:
ÂŁ0
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