Darlington, DL3 0DQ | Investment Property for Sale | VES-DL3-001

Opportunity to purchase a property in Darlington generating £6,000 rent pa & gross yield of 5.5%

£110,000

Semi-detached House

VES-DL3-001

INITIAL INVESTMENT

£33,300

Based on

deposit: £27,500

stamp duty: £3,300

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£6,000

GROSS YIELD

5.5%

ADD TO FAVOURITES

Sold STC

At Vesta we avoid gazumping by not allowing new offers once a deal has been agreed so that everyone benefits from faster completion in chain-free transactions.

Looking for property like this one? Either search for similar properties or contact us with your investment criteria.

The property

TENANCY

Tenanted

TENURE

Freehold

3 bedrooms

1 bathroom

1 reception room

1,166

Unfurnished

Please note that this property is also part of a larger portfolio listing and the vendor is open to selling the units individually.

Property information

  • Spread over 2 floors
  • Living room with doors lead into the kitchen
  • Kitchen provides access to the conservatory as well as an outbuilding
  • Conservatory leads out into the large back garden
  • The flooring in the bathroom was newly installed in 2019
  • A new kitchen was installed in 2016
  • EPC rating D
  • Monthly rental income £500
  • Property is managed by a third party

Location information

  • The property is located in the Cockerton area of Darlington
  • Darlington city centre is just over 2 miles from the property
  • There is a bus stop a few meters from the property with regular services into Darlington centre

Floorplans

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

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

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.

Nickstream Lane,

Darlington,

Darlington,

England,

DL3 0DQ

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

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.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2021 Vesta Global Limited. All rights reserved.