Property description
We are delighted to offer this two bedroom, terraced property on Johnson Street, Eldon Lane. Close to local amenities, schools & bus routes. Johnson Street benefits from double glazing throughout & gas central heating via Combi boiler. The property briefly comprises; Entrance via UPVC door into entrance hall with staircase leading to first floor, lounge, kitchen/diner, UPVC door to enclosed rear yard. To the first floor two double bedrooms family bathroom.**MUST BE VIEWED TO APPRECIATE WHAT THIS PROPERTY HAS TO OFFER
Rental Return = £380 pcm
Professional management 10% = £38 pcm
Return on cash purchase = 13.3%
Approx year built: 1910
Type of property: End Terrace
Structure: Brick
Roof: Tile
Tenure: Freehold
An excellent time to purchase a Below Market Value property in County Durham:
2 Miles from Eldon - Bishop Auckland
Launching in July 2016, The Eleven Arches project which will feature \‘Kynren - an Epic tale of England\‘ set in the grounds of Auckland Castle. This open air show will boast a 500 strong cast & has been hailed as a worldwide \‘must see attraction for 2016\‘. The project aims to attract up to 800,000 tourist visitors per year. Bishop Auckland Market Place & Auckland Castle are also undergoing a massive £60 Million renovation, making Bishop Auckland an exciting place to be investing right now, whilst properties, below market value are still available.Search thisisdurham/kynren for details.
2 Miles from Eldon - Newton Aycliffe
In September 2015 an £82m Hitachi train factory has been officially opened. The Hitachi plant will employ 730 workers assembling high-speed Intercity trains for the East Coast and Great Western main lines. The 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,\"
Fees Apply: £1000 - Finders fee to begin the purchase process. This includes all paperwork, RICS Charted surveyor valuation report & transfer of tenancies on completion
Property Features :
- Three Bedroom
- Recently reurbished
- Yard to rear
- GCH Via Combi
- EPC Rating F