Income-producing freehold bungalow with an established tenant in situ, generating £475 PCM (£5,700 per annum) and offering a hassle-free investment opportunity.
Description
An excellent opportunity to acquire a well-presented one-bedroom freehold bungalow offered with an established and reliable tenant in situ, producing an immediate rental income of £475 per calendar month (£5,700 per annum). The tenant has an excellent payment history, with the rent paid on time and fully up to date, making this an ideal addition to any buy-to-let portfolio.
The property has been renovated to a modern standard and offers low-maintenance accommodation comprising an entrance hall, spacious living room, fitted kitchen, double bedroom and contemporary shower room. Externally, there is an enclosed rear yard. The property benefits from an EPC rating of C, helping to keep running costs low and enhancing its long-term investment appeal.
Please note: The internal photographs shown are of the neighbouring property, No. 8 Kimberley Street, which has been refurbished to the same specification and standard as No. 9. They are provided for illustrative purposes only.
Situated in the popular village of Coundon Grange, the property enjoys convenient access to Bishop Auckland, local amenities, transport links and nearby employment centres, ensuring continued appeal to tenants.
This is a straightforward, income-producing investment offering an established tenancy from day one.
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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- 1 Bedroom
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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