Tower Road, Darlington
- PROPERTY TYPE
Detached
- BEDROOMS
14
- BATHROOMS
8
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 8 Self Contained Modern Apartments
- Off Street Parking for 8 Vehicles
- Approx 9% Gross Rental Yield
- OUTSTANDING INVESTMENT POTENTIAL
- Cockerton/West End Location
- Eight freehold flats with monthly rental income approx £5,150
- Minimum Energy Efficiency Standards Exemptions In Place
Description
Nestled in the sought-after Cockerton/West End location, this exceptional property boasts 8 self-contained modern apartments, presenting a lucrative investment opportunity for those astute investors seeking a lucrative return. With off-street parking for up to 8 vehicles, this eye-catching property provides convenience and accessibility for both tenants and visitors alike. The eight freehold flats generate an impressive monthly rental income of approximately £5,150, resulting in an enticing approximate 9% gross rental yield. Moreover, with minimum energy efficiency standards exemptions already in place, this property is primed to offer not only excellent returns but also peace of mind to the discerning investor. Viewing is highly recommended to fully appreciate the outstanding investment potential that this property offers.
Stepping outside, the communal garden of this property extends a warm welcome, featuring a well-maintained lawned area to the front that adds a touch of greenery to the urban setting. A path runs along the side of the building, offering convenient access to each apartment and enhancing the overall functionality of the property. Furthermore, the large floodlit car park provides ample parking space, ensuring ease and convenience for tenants and their guests. Completing the outdoor space is a practical and essential bin store/shed, offering a solution to storage needs while maintaining the tidiness of the communal area. Whether considering the property for its investment potential or as a place to call home, this property promises a harmonious blend of modern comfort, convenience, and practicality in a desirable location that is sure to captivate all who visit.
Apartment 1 - Located to the ground floor, private access from car park. One bedroom. EPC Rating F. Tenanted - Rental Income £550PCM EPC MEES Exemption In Place
Apartment 2 - Located to the ground floor, private access from car park. Two bedroom. EPC Rating F. Currently vacant, due to come to rental market - Rent £725 pcm. EPC MEES Exemption In Place.
Apartment 3 - Located to the ground floor. Two bedroom. EPC Rating E. Let, rental income £625 pcm.
Apartment 4 - Located to the ground floor, private access from car park. Two bedroom. EPC Rating E. Tenanted, rental income £595.
Apartment 5 - Located to the first floor. Two bedroom. EPC Rating E. Tenanted, rental income £650.
Apartment 6 - Located to the first floor. Two bedroom. EPC Rating G. Tenanted, rental income £695. EPC MEES Exemption In Place.
Apartment 7 - Located to the first floor. Two bedroom. EPC Rating E. Vacant, expected rent income £695 pcm.
Apartment 8 - Located to the first floor. Two bedroom. EPC Rating E. Tenanted, rental income £650.
Outside Spaces - Communal Garden
Communal garden with lawned area to front, path to side of building and large floodlit car park. Bin store/shed.
Brochures
Tower Road, Darlington- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Tower Road, Darlington
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About Venture Properties, Darlington
45 Duke Street, Darlington, DL3 7SD
Did you hear we won Best estate agent award for both our lettings and sales departments for 2023.
According to Rightmove our Darlington office have let and sold the most properties in the area yet again this year. Should you be thinking of selling or letting your home please contact our office on 01325 363858 for a free up-to-date market appraisal of your home.
Our client money protection is with CMP and our redress scheme is with The Property Ombudsman
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Visit our security centre to find out moreDisclaimer - Property reference 33387746. 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 Venture Properties, Darlington. 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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