North Road, Darlington, DL1 2EJ

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Property ID: 221872563

Monthly Income

£2,587

Current Yield

10.1%

Tenancy status

Tenanted

CapitalAppreciation

+4.1%

Key features

Portfolio of 3 Flats and 4 Commercial Units
Versatile Business Spaces
Fitted Kitchens
Buy-to-Let Opportunity
Tenants Currently Situated
Likely to attract enquiries from Serious Investors & Developers
INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
Investment Opportunity

Description

A portfolio of 3 flats and 4 commercial units located in Darlington with tenants currently situated. They are currently generating steady, rewarding rental returns for the current landlord.

For investors looking for a rewarding investment, this is a brilliant opportunity!

The portfolio features 3 flats and 4 commercial units. Each flat has 1 spacious bedroom, a well-equipped kitchen, and a three-piece bathroom with tenants in situ. The 4 commercial units offers versatile business spaces, fitted kitchens, and toilets. The rear workshop is currently vacant and can also be rented which raises the potential rent of the portfolio.

Investment details

The portfolio currently produces an annual gross income of £31,044 with tenants currently situated. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

We are committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

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Purchase Price

Assumed purchase price based on home report value

Stamp Duty Tax

Est. Legal Fees

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Calculated Returns

Capital appreciation calculated based on location, property type, and market value. Learn more

Current Rent

Potential Rent

Purchase Costs

Net Rental Income2587/mo

Monthly Capital Appreciation/mo

Total Net Returns/mo

Total ROI

Investment Returns

Current Monthly Rent

£2587 pcm

Current Rental Yield

10.1%

Potential Market Value Rent

£3287 pcm

Potential Rental Yield

12.8%

Estimated Monthly Capital Appreciation

£1059

Area Capital Appreciation Rate

+4.1%

Let Property Pre Checks

Tenancy Checks

Tenancy Agreement

Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.

Proof of Rental Income

Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Property Checks

Property Tenure

Verified as Freehold

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

EPC

EPC documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.