A spacious and well-kept 2-bedroom Mid-Terraced house located in Bishop Auckland. There are various valuable amenities within walking distance of the property and it can generate rewarding rental returns.
For investors looking for a reliable, long-term investment, this is a brilliant opportunity!
The home is in great condition and features 2 bedrooms, a lounge, a bathroom, and a kitchen.
Investment details
It currently produces an annual gross income of £5,220 which could be increased by the new owner to a market rate of £6,000 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.
For greater details on this property's investment potential, please see the Let Property Pack linked below.
If you are interested, please call us.
Tenancy Details
The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.
Let Property Sales is committed to facilitating a smooth transaction process and allowing for maximum commitment to the sale from both parties, a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.
Tenancy Checks
Tenancy Agreement
Proof of Rental Income documentation has been verified against the rental amount in the Tenancy Agreement by Let Property.
Proof of Rental Income
Recent Proof of Rental Income has been Verified by Let Property
Length of Tenancy
Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.
Tenant Means of Funding
Employment
Tenant means of funding has been verified as Employment by Let Property.
Property Checks
Property Tenure
Verified as Leasehold with 170 years on lease
EICR
EICR documentation has been provided to Let Property and has been Verified.
Gas Safety
Gas Safety documentation has been provided to Let Property and has been Verified.
HMO License
HMO License documentation has been provided to Let Property and has been Verified.
Council Tax Band
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EPC Rating
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Interactive street-level view of the property location and surrounding area.
Additional Benefits
Appreciation