Ready-made freehold investment producing £475 PCM, let to a reliable long-term tenant with an excellent payment history.
Description
An excellent opportunity to acquire a well-presented one-bedroom freehold bungalow, offered with an established and reliable tenant in situ, currently generating £475 per calendar month (£5,100 per annum). The tenant has a proven payment history with rent paid on time and fully up to date, making this an attractive, ready-made investment for buy-to-let purchasers.
The property has been refurbished to a modern standard and briefly comprises an entrance hall, spacious living room, fitted kitchen, generous double bedroom and contemporary shower room. Externally, there is a low-maintenance rear yard.
Situated in the popular village of Coundon Grange, the property benefits from excellent access to nearby Bishop Auckland, local amenities, shops, schools and transport links.
This is a straightforward investment opportunity with immediate rental income and no void period, ideally suited to investors looking to expand their portfolio with a low-maintenance, income-producing asset.
Please note: The internal photographs provided are of No. 8 Kimberley Street, however No. 10 has been renovated to the same standard.
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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