5 bedroom block of apartments for sale

>

5 bedroom block of apartments for sale

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.
Get a Mortgage Quote