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7 bedroom terraced house for sale
49 Corporation Road, Darlington, County Durham, DL3 6AD
£185,000
49 Corporation Road, Darlington, County Durham, DL3 6AD
£185,000
Our Summary
- Guide Price £185,000 - £215,000 For sale by unconditional online auction on the 30th of April 2025
- " Description Property Overview Location: 49 Corporation Road, DL3 6AD Property Type: 7-Bed Housing of Multiple Occupancy (HMO) Bedrooms: 7 Bathrooms: 3 Tenure: Freehold Tenancy Status: Partially Let Strong demand for full occupancy Investment Strategy: HMO with Potential for Enhanced Returns Key Features HMO Investment Exceptional Yield Potential Partially Let Immediate Income with Strong Demand for Full Letting High-Standard Property Modern Fixtures, Well-Maintained Throughout Prime Location in a Thriving Rental Market Excellent Tenant Demand Ideal for Professionals or Students Close to Key Transport Links, Employment Hubs & Local Amenities Full Legal Pack Available for Quick Purchase Completion in as little as 28 Days Investment Strategy & Exit Options HMO Strategy: Maximise rental income by securing full occupancy with high-demand tenants
- Rental Uplift Strategy: Opportunity to further increase rental rates given the prime location and high standard of the property
Description
This 7-bedroom Housing of Multiple Occupancy (HMO) property is being sold by unconditional online auction with a guide price of £185,000 to £215,000. The property is located on Corporation Road in a thriving rental market and is partially let, generating immediate income with strong demand for full occupancy. The property features high-standard modern fixtures and is well-maintained throughout, with excellent transport links, employment hubs, and local amenities nearby. The HMO strategy aims to maximize rental income by securing full occupancy with high-demand tenants, while the rental uplift strategy offers the opportunity to further increase rental rates. The property also has capital growth potential due to its prime location and strong property appreciation trends. With a projected gross yield of 15.27%, this property offers a lucrative investment opportunity for buyers looking to unlock exceptional returns.