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SOLD STC

Tower Road, Darlington, DL3

PROPERTY TYPE

Block of Apartments

BEDROOMS

15

BATHROOMS

10

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Floorplan 1Floorplan 2
10

Key features

  • 8 Self Contained Modern Apartments
  • Cockerton/West End Location
  • Off Street Parking for 8 Vehicles
  • Eight freehold flats with monthly rental income approx £5,150
  • Approx 9% Gross Rental Yield
  • Minimum Energy Efficiency Standards Exemptions In Place
  • OUTSTANDING INVESTMENT POTENTIAL

Description

***ENTIRE FREEHOLD PROPERTY COMPRISING 8 SELF CONTAINED FLATS***

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.

Communal Garden

Communal garden with lawned area to front, path to side of building and large floodlit car park. Bin store/shed.

Parking - Allocated parking

Brochures

Brochure 1
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.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Off street
GARDENA property has access to an outdoor space, which could be private or shared.
Communal garden
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Tower Road, Darlington, DL3

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About Sillars Investments, Lettings & Management, Darlington

1 Blackwell Lane, Darlington, DL3 8QF

At Sillars Investments, Lettings & Management we are known for delivering outstanding results for our clients throughout the North East Region. We never wait for the phone to ring. We have a dedicated, highly motivated & professional team dealing with sales, lettings and property management. A sign of our success is the fact that a large proportion of our business is from referrals, satisfied clients who have recommended us to friends and family Clients are naturally drawn to our comprehensive advertising coverage, prominent brand, tailored to ensure your property takes centre stage rising above the competition. Furthermore, we place ourselves at the forefront of the very latest advances in contemporary estate agency, providing both regional and national coverage for our properties and enhancing our ability to reach buyers, tenants and new clients from across the country. A full house service of complimentary property solutions including Residential Property Sales, Auctions, Residential & Commercial Lettings and Property Management departments along with our independent Financial Services. Whether Buying, Selling or Renting, our specialist professionally trained staff have the time, expertise and reputation to guarantee the very best results and a truly rewarding experience.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£3,313
We think you can borrow up to
Add your household income above
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Disclaimer - Property reference 8529fea6-95f1-45e5-a894-d0b1aff40e18. 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 Sillars Investments, Lettings & Management, 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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