NEWLY REFURBED 5 BED 5 BATH HMO - FULLY LET!
Description
An exceptional investment opportunity to acquire this fully refurbed five bedroom property, with each bedroom benefiting from its own private en-suite bathroom and communal kitchen area. The accommodation is arranged to provide spacious and practical living, making it ideally suited for use as a House in Multiple Occupation (HMO), serviced accommodation, or a high yield rental investment, subject to any necessary consents. The property offers generous living space throughout and presents an attractive proposition for investors seeking strong rental demand and income potential.
Situated on Pendower Street in Darlington, the property occupies a convenient residential location within easy reach of the town centre, local shops, supermarkets and leisure facilities. The property is also well positioned for access to Darlington Memorial Hospital, making it particularly attractive to healthcare professionals, medical students, and hospital staff seeking accommodation close to their place of work. Darlington benefits from excellent transport links, including its mainline railway station and access to the A1(M), providing connections across the North East and beyond. The combination of strong local amenities, employment opportunities and transport connectivity contributes to consistent rental demand, making this an appealing investment opportunity.
Fully let - rental income per room (with bills included):
Room 1 - £520
Room 2 - £500
Room 3 - £560
Room 4 - £550
Room 5 - £535
*£31,980 gross annual rental income, seller allocates £80 - £90 per person (£27,180pa - £26,580pa exc bills).
Tenure: Freehold
EPC Rating: D
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
£3600 inc VAT payable on exchange of contracts.
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- 5 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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