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Property ID: 214581216
Offers Over
£64,000
Location
Short Street, Bishop Auckland
Size
828.56
Tenure
Freehold
Bedrooms
2
Type of property
Terraced
Current Yield
7.5%
Monthly Income
£400
Property Information

Our latest listing is a 2-bedroom Mid-Terraced house in Bishop Auckland. It is near valuable amenities, can generate rewarding rental returns, and has a tenant currently residing there.


For investors looking to expand their portfolio, this is a fantastic opportunity!


This well-kept home features 2 bedrooms, a bathroom, a lounge, and a kitchen.


Investment details


It currently produces an annual gross income of £4,800 which the new owner could increase to a market rate of £6,228 with long-term tenants presently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.


Please see the Let Property Pack linked below for greater details on this property's investment potential.


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 their stay. They do not intend to move out so they hope to remain in the property.


Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties to the sale, 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.



Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Letting Agency Fees
Ownership CostsWhat are these?
Calculated Returns
Paisley benefits from an average of 4.5% capital growth. Learn more
Purchase Costs
Based on monthly income of
£400
Cashflow p/m
400
Current Yield
null%
Based on potential rent of
£519
Cashflow p/m
519
Potential Yield
null%
Monthly Income
£400 pcm
Potential Rent
£519 pcm
Length of Tenancy
Moved in within the last 2 years
Tenant Means of Funding
SELF_FUNDED
Area Capital Appreciation Rate
-
Ground Rent
Freehold
Est. Insurance Costs
unknown
Factor Fees
-
Factor Name
unknown
Total Estimated Costs
unknown
Not available for this property
Not available for this property
Not available for this property
0
Running Costs
Ground Rent
Freehold
Est. Insurance Costs
unknown
Factor Fees
-
Factor Name
unknown
Total Estimated Costs
unknown