Ready-Made Investment with Established Tenant – £400pcm Income from Day One
Description
A spacious two-bedroom first floor flat – currently tenanted and producing £400 per calendar month – offering an attractive ready-made investment opportunity.
Situated in a popular residential area close to local shops, schools, and transport links, this well-proportioned flat provides generous living accommodation extending to approximately 64 sq. m (688 sq. ft).
The property briefly comprises: entrance hallway, spacious living room, kitchen, dining area, bathroom, and two well-sized bedrooms. Externally, there are shared garden areas to the front and surrounding communal spaces.
The flat is currently let to a well-established tenant at £400pcm, representing an immediate income stream for investors. The property offers excellent potential for capital growth and further uplift through refurbishment or redecoration in the future.
Accommodation (approximate measurements):
-Living Room: 3.6m x 4.4m
-Kitchen: 2.5m x 2.9m
-Dining Area: 2.6m x 2.0m
-Main Bedroom: 3.6m x 3.8m
-Bedroom 2: 3.6m x 2.6m
-Bathroom: 2.5m x 2.0m
EPC Rating: C
Council Tax Band: A (Durham County Council)
Tenure: Leasehold
Investment Notes:
-Currently let at £400 per calendar month / £4,800 per annum
-Tenanted by a long-standing and reliable occupant
-Offers strong rental yield potential with scope for further value enhancement
Auctioneer’s Note:
An ideal buy-to-let investment offering immediate income and long-term potential. Low-cost entry point in a high-demand rental area, with scope to improve and enhance value over time.
Tenure: Leasehold
EPC Rating: C
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
£3,600 inc vat payable upon the fall of the virtual gavel
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- 2 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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