Darlington, DL1 5TS | Investment Property for Sale | VES-DL1-512

Opportunity to buy a tenanted investment property generating £4,800 pa and a yield of 6% in Darlington.

£79,999

Semi-Detached House

VES-DL1-512

INITIAL INVESTMENT

£36,780

GROSS RENT / YIELD

£4,800 / 6.0%

NET RENT / YIELD

£3,384 / 4.2%

Sold STC

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The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

1 bathroom

1 reception room

714

Unfurnished

Documents available on request, please contact for viewings or further questions

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Tenancy

RENT

£4,800 p.a. / £400 pcm

TENANCY DEPOSIT

£300

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

10 months ago

TENANCY AGREEMENT ENDS

Periodic

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£4,800

Equivalent of £400 per calendar month (PCM).

GROSS RENTAL YIELD

6.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£3,384

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.2%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£1,416

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Darlington, Durham

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.

Thames Way,

Darlington,

Darlington,

England,

DL1 5TS

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