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3 bedroom terraced house for sale

Byerley Road, Shildon

Sold STC £70,000

Property Description

Key features

  • Immaculately presented throughout
  • Two Receptions
  • Three Bedrooms
  • GCH via Combi
  • UPVC Double Glazed
  • Enclosed Rear yard

Full description

**Ideal Investment Opportunity! Sold with sitting tenants!**
Three bedroom mid terraced property situated within walking distance of Shildon town centre and excellent local schools. Also within easy reach of close neighbouring towns; Bishop Auckland, Newton Aycliffe and Darlington.
In brief the accommodation comprises of an entrance vestibule leading to hallway, lounge, separate dining room and fitted kitchen. Whilst to the first floor are three bedrooms and family bathroom/WC. Externally there is a yard to the rear with a forecourt to the front. The property benefits from gas central heating via Combi boiler and is fitted with UPVC double glazing throughout.

Rental Return = £433 pcm 
tenanted live investment

Professional management 10% = £43.30 pcm 

Deposit 20% = £14,000 

Loan 80% LTV with 4% Int Rate = £187 pcm 

Positive cash flow = £202.70 pcm 

Return on Capital Invested 21.1% 

Return for Cash Purchase = 7.5%  

Local Area: An excellent time to purchase a Below Market Value property in County Durham 

2 Miles from Shildon- Bishop Auckland 
Launched in July 2016, The Eleven Arches project features '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. Search thisisdurham/kynren for details.

2 Miles from Shildon - Newton Aycliffe 
In September 2015 an £82m Hitachi train factory has officially opened. The Hitachi plant will employ 730 workers assembling high-speed Intercity trains for the East Coast and Great Western main lines. 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 

Tenure: Freehold 

External: Rear Yard 

Approx rebuild Cost: £150k (for insurance purposes) 

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More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
07 November 2016

Map & Street View

Disclaimer - Property reference 6077021. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Civic Properties, Shildon. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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