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6 bedroom terraced house for sale
Durham Road, Blackhill, Consett, DH8
£150,000
Durham Road, Blackhill, Consett, DH8
£150,000
Our Summary
- Available for sale by Public Online Auction 29th August 2024Four properties in one
- This property gives a unique opportunity to purchase three apartments and a cottage as one lot with the potential to generate a rental income of approx £19,767
- Each auction property is offered at a guide price and is also subject to a reserve price
- The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell
- Both the guide price and the reserve price can be subject to change up to and including the day of the auction
- The successful buyer pays a £2000+vat (Total £2400) Auction Administration Fee
Description
This unique property offers a rare opportunity for buy-to-let investors to purchase four properties - three apartments and a cottage - as one lot. The property has the potential to generate a rental income of approximately £19,767.48 per annum when fully let. The three apartments are currently let, with monthly rental income ranging from £340 to £442.94, while the cottage is also let for £450 per month. The property is being sold by public online auction on August 29th, 2024, with a guide price and a reserve price that will be disclosed on the day of the auction. The successful buyer will pay a £2,400 auction administration fee. An internal viewing is highly recommended to fully appreciate the potential of this unique investment opportunity.