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2 bed terraced house
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Our Summary
- Auction Commencing on Monday 27th July from 1pm and ending 24 hours later on Tuesday 28th July from 11am with Auction House North East
- uk/northeast Spacious freehold two-bedroom terrace in the popular Harrowgate Hill area, producing £4,560 per annum with potential to increase to approximately £7,800 per annum
- Offered with a long-term tenant in situ, this freehold investment provides immediate rental income with scope for a significant uplift to market rent
- The landlord advises that the current market rental value is approximately £650 per calendar month (£7,800 per annum), presenting an attractive opportunity for future income growth, subject to the necessary statutory procedures
- Accommodation Entrance Hallway Living Room Dining Room Kitchen Utility Room Two Double Bedrooms First Floor Bathroom Enclosed Rear Yard Tenure: Freehold Investment: Currently producing £4,560 per annum, with potential to increase to approximately £7,800 per annum (subject to the appropriate tenancy procedures)
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Description
The property is a spacious, two-bedroom, mid-terraced freehold in the popular Harrowgate Hill area of Darlington. It has a generous interior layout with an entrance hallway, living room, separate dining room, fitted kitchen, utility room, two double bedrooms, a spacious landing with storage cupboard, and a family bathroom on the first floor. Externally, the property has an enclosed rear yard.
It is currently let to a long-term tenant at £4,560 per annum, but the landlord estimates the property's current market rental value is £7,800 per annum.