Spacious freehold two-bedroom terrace in the popular Harrowgate Hill area, producing £4,560 per annum with potential to increase to approximately £7,800 per annum.
Description
An excellent opportunity to acquire a spacious two-bedroom mid-terraced property situated within the popular Harrowgate Hill area of Darlington. Offered with a long-term tenant in situ, this freehold investment provides immediate rental income with scope for a significant uplift to market rent.
The accommodation is generously proportioned throughout and briefly comprises an entrance hallway, spacious living room, separate dining room, fitted kitchen and a useful utility room to the ground floor. To the first floor are two well-sized double bedrooms, a spacious landing with built-in storage cupboard and a family bathroom. Externally, the property benefits from an enclosed rear yard.
The property is currently let to a long-term tenant at £380 per calendar month (£4,560 per annum) on a holding over tenancy. The landlord advises that the current market rental value is approximately £650 per calendar month (£7,800 per annum), presenting an attractive opportunity for future income growth, subject to the necessary statutory procedures.
Conveniently located close to local amenities, schools, transport links and Darlington town centre, this property will appeal to buy-to-let investors seeking an affordable addition to their portfolio with excellent income potential.
Accommodation
Entrance Hallway
Living Room
Dining Room
Kitchen
Utility Room
Two Double Bedrooms
First Floor Bathroom
Enclosed Rear Yard
Tenure: Freehold
Investment: Currently producing £4,560 per annum, with potential to increase to approximately £7,800 per annum (subject to the appropriate tenancy procedures).
Tenure: Freehold
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 0345 873 1366 for more information
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