Minimum Rent

Select the property minimum rent
£0

Minimum Yield

Select the property minimum yield
0%

Bedrooms

Select how many bedrooms you want

Type of Property

Select the property types you want

view 0 listings
Property ID: 214580998
Monthly Income
£435
Current Yield
8.2%
Tenancy status
Tenanted
CapitalAppreciation
+5.4%
Exclusive Investment Grade Opportunity

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 is 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

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income435/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£435 pcm
Current Rental Yield
8.2%
Potential Market Value Rent
£500 pcm
Potential Rental Yield
9.4%
Estimated Monthly Capital Appreciation
£288
Area Capital Appreciation Rate
+5.4%

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.

Tenant Means of Funding:

Self Funded

Length of Tenancy information has been provided by the seller as verbal and written confirmation.

Property Checks

Property Tenure

Verified as Leasehold with 170 years on lease

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.

Council Tax Band

Council Tax Band: A

Street View not available

Location coordinates not found for this property

Ground Rent
Freehold
Factor Fees/Running Costs
TBC
Factor Name
unknown
Total Estimated Costs
unknown
Offers Over
£64,000
Location
Nelson Street, Bishop Aucklan
Bedrooms
2
Type of property
Terraced

Additional Benefits

Fully Pre Checked by Let Property
Available First Come, First Serve
Over £1 Billion of UK Investment Property Sold.
Enquire for Detailed Returns Breakdown.

Map View not available

Location coordinates not found for this property

Yearly Net Profit
Current Yearly Rent
£5,220
Annual Capital
Appreciation
£1,280
Yearly Factor Fee /
Service Charge
TBC
Other Yearly Costs
None
Indicated
Annual Net Returns
£6,500