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5 bedroom block of apartments for sale
Durham Road, Chilton, Ferryhill DL17
£225,000
Durham Road, Chilton, Ferryhill DL17
£225,000
Our Summary
- Excellent investment opportunity
- Viewing is strongly recommended on this rare to the market, investment opportunity
- EXCELLENT INVESTMENT OPPORTUNITY
Description
This is an excellent investment opportunity in the village of Chilton, approximately 9 miles south of Durham City. The property is a block of four independent apartments, with three currently let on periodic tenancies. The apartments are self-contained and range in size from 33 to 54 square meters. Each apartment has a large open-plan living room and kitchen area, a double bedroom, and a bathroom. The property offers a strong potential for rental income, with current rents ranging from £350 to £415 per month. The vacant apartment has an expected rent of £425 per month. The property is being sold as a freehold, providing a long-term investment opportunity. With its proximity to Durham City and the A1m, this property is an attractive investment opportunity for those looking to diversify their portfolio.