5 bedroom block of apartments for sale

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5 bedroom block of apartments for sale

Durham Road, Chilton, County Durham, DL17
£180,000

Our Summary

  • EXCELLENT INVESTMENT OPPORTUNITY
  • Viewing is strongly recommended on this rare to the market, investment opportunity

Description

This is an excellent investment opportunity in the village of Chilton, approximately 9 miles south of Durham City and 5 miles from the A1m. The freehold property is split into four self-contained apartments, with three currently let on periodic tenancies. The apartments are a mix of one-bedroom ground floor and first floor units, with one currently vacant. Each apartment features a large open-plan living room and kitchen area, a double bedroom, and a bathroom. One apartment, 24a, also has an additional room to the rear with access to a timber-decked yard area. With the potential to attract a monthly rent of £375-£425 per apartment, this is a rare opportunity for investors to secure a steady income stream. Viewings are strongly recommended.