Property description

**Investment Opportunity** In need of refurbishment this good size 2 bed property is not to be missed. Requires £10,000 refurbishment inc; heating system, kitchen, bathroom, redecoration & carpets throughout.

Rental return = £390 pcm

Professional 10% Management = £39pcm

Return for Cash Purchase = 12%


Figures are for illustration purposes only, please speak to a financial adviser for personal illustration

AN EXCELLENT TIME TO PURCHASE AN INVESTMENT PROPERTY IN COUNTY DURHAM:

2 Miles from Eldon - Bishop Auckland
Launched in July 2016, The £35m Eleven Arches project features \‘Kynren - an Epic tale of England\‘ set in the grounds of Auckland Castle, Bishop Auckland. Hailed as a must see attraction, will attract up to 800,000 visitors a year. The £60 Million project to renovate Auckland Castle & Bishop Auckland Market Place is also well underway.Copy & paste this link into your browser for details: www.thisisdurham.com/kynren.

3 Miles from Eldon - Newton Aycliffe
An £82m Hitachi train factory has officially opened in September 2015. The Hitachi plant will employ 730 workers assembling high-speed Intercity trains for the East Coast and Great Western main lines. The then, Prime Minister David Cameron said it was a \"show of confidence\" in the region. \"This is Hitachi\‘s first factory in Europe and their massive investment is a sign of their commitment to the United Kingdom and a real show of confidence in our economy and of confidence in the North East,\"

Approx year built:
1930

Type of property:
Mid terrace

Structure:
Brick

Roof:
Tile

2 Miles from Eldon - Bishop Auckland
Launched in July 2016, The £35m Eleven Arches project features \‘Kynren - an Epic tale of England\‘ set in the grounds of Auckland Castle, Bishop Auckland. Hailed as a must see attraction, will attract up to 800,000 visitors a year. The £60 Million project to renovate Auckland Castle & Bishop Auckland Market Place is also well underway.Copy & paste this link into your browser for details: www.thisisdurham.com/kynren.

Tenure:
Freehold

External:
Rear yard

Approx rebuild cost:
£130k- For Insurance purposes

Property Features :

• Two Bedrooms
• High yield return
• Full refurbishment throughout
• £10k refurb required