Property description

**Attention Investors- Sold with sitting tenants**We are offering for sale this Semi Detached well presented House in popular location in St Helen Auckland.
Close to the shopping centre development at Tindale.
Immaculate throughout with off road parking - comprises of Entrance Hall leading to Lounge with Kitchen/Diner with downstairs WC and patio doors leading to lawned garden.
To the first floor Three Good sized Bedrooms & family Bathroom.


Rental Return = £450 pcm
Tenanted live investment

Professional management 10% = £45 pcm

Loan 80% LTV with 3.9% Int Rate = £169 pcm

Deposit = £13,000

Positive Cash Flow = £281

Return on Capital Invested = 25.9%

Return for Cash Purchase = 8%


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:

1.5 Miles from St Helen Auckland - 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.

8 Miles from St Helen Auckland - 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:
2008

Type of Property
Modern Semi Detached

Structure
Brick

Roof
Tiled

Tenure:
Freehold

External:
Parking Space, small garden to front and rear garden

Approx Rebuild Cost:
£110k for insurance purposes

Property Features :

• Three Bedrooms
• Immaculate throughout
• Downstairs W.C
• Lawned Rear Garden
• NHBC certificate to August 2020