Property description

Two bedroom mid terrace house offered for sale ideally suited to the investor. The property benefits from UPVC double glazing throughout and gas central heating via combi boiler. Briefly comprises: entrance hall, lounge, diner with staircase to the first floor, kitchen, with door to external yard. To the first floor, there are two bedrooms and family bathroom. The property has recently undergone refurbishment and is clean and presentable throughout.

Rental Return = £360 pcm

Professional management 10% = £36 pcm

Deposit 20% = £9,000

Loan 80% LTV with 4% Int Rate = £120 pcm

Positive Cash Flow = £204.00pcm

Return on Capital Invested = 32%

Return for Cash Purchase = 9.6 %


Figures are for illustration purposes only, use calculator on desktop version for personal illustration

Local area: An excellent time to purchase an Investment property in County Durham


2 Miles from Close House - Bishop Auckland
Launched in July 2016, The £35m Eleven Arches project features 'Kynren - an Epic tale of England' set in the grounds of Auckland Castle, Bishop Auckland. Hailed as a must see attraction, will attract up to 800,000 visitors a year. The £60 Million project to renovate Auckland Castle & Bishop Auckland Market Place is also well underway.Copy & paste this link into your browser for details: www.thisisdurham.com/kynren.

3 Miles from Close House - Newton Aycliffe
An £82m Hitachi train factory has officially opened in September 2015. The Hitachi plant will employ 730 workers assembling high-speed Intercity trains for the East Coast and Great Western main lines. The then, Prime Minister David Cameron said it was a "show of confidence" in the region. "This is Hitachi's first factory in Europe and their massive investment is a sign of their commitment to the United Kingdom and a real show of confidence in our economy and of confidence in the North East,"

Approx year built:
1930

Type of property:
Mid terrace

Structure:
Brick

Roof:
Tile

Tenure:
Freehold

External:
Rear yard

Approx rebuild cost:
£140k for insurance purposes

Fees apply

Property Features :

• Two Bedrooms
• Two Reception Rooms
• GCH via Combi
• DBL glazed throughout
• Recently decorated/new flooring