2 bedroom terraced house for sale

Heslop Street, Bishop Auckland

Fixed Price £42,000

Property Description

Key features

  • Two Bedrooms
  • Two Reception Rooms
  • GCH via Combi
  • DBL glazed throughout
  • Recently decorated/new flooring
  • Enclosed rear yard

Full description

Two bedroom mid terrace house offered for sale ideally suited to the investor. The property benefits from UPVC double glazing throughout and gas central heating via combi boiler. Briefly comprises: entrance hall, lounge, diner with staircase to the first floor, kitchen, with door to external yard. To the first floor, there are two bedrooms and family bathroom. The property has recently undergone refurbishment and is clean and presentable throughout.

Rental Return = £360 pcm  

Professional management 10% = £36 pcm 

Deposit 20% = £9,000 

Loan 80% LTV with 4% Int Rate = £120 pcm 

Positive Cash Flow = £204.00pcm 

Return on Capital Invested = 32% 

Return for Cash Purchase = 9.6 %  

Local area: An excellent time to purchase an Investment property in County Durham 

2 Miles from Close House - 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 Close House - 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

Tenure: 
Freehold

External: 
Rear yard

Approx rebuild cost: 
£140k for insurance purposes

Fees apply 

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
03 August 2016

Nearest stations

  • Shildon (1.4 mi)
  • Bishop Auckland (1.6 mi)
  • Newton Aycliffe (3.1 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Civic Properties, Shildon

40 Church Street, Shildon, DL4 1DX

01388 334012 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Shildon (1.4 mi)
  • Bishop Auckland (1.6 mi)
  • Newton Aycliffe (3.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Civic Properties, Shildon

40 Church Street, Shildon, DL4 1DX

01388 334012 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 6600988. The information displayed about this property comprises a property advertisement. Rightmove.co.uk 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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