stamp duty: £111,000
mortgage fees: £1,500
conveyancing fees: £39,000
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Darlington is a large town of the county of Durham in north-east England. Darlington is 15 miles west of Middlesbrough and 20 miles south of Durham.
Darlington Railway Station has a regular service southbound to London’s King Cross via York and northbound towards Newcastle and Edinburgh Waverley. These services run twice an hour in each direction. This station also runs a two train per hour cross-country services via the TransPennine Express, that goes from Newcastle to Birmingham and beyond.
Shopping in Darlington offers over 100 brand names as well as several independent stores, which are spread across the Cornmill Shopping Centre, Queen Street Shopping Centre and the surrounding area.
Many large employers run their nationwide operations from Darlington, and therefore there is a wide array of job opportunities. The largest sector employer in the region is EE, employing over 2,500 in the area. Other big employers include Students Loan Company, AMEC and Argos’s largest distribution warehouse.
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Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
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