High Northgate, Darlington, DL1
- PROPERTY TYPE
Terraced
- BEDROOMS
18
- BATHROOMS
4
- SIZE
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- 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
- Eighteen Bedrooms
- Four Bathrooms & Additional W.C.
- Fully Licensed HMO
- 15% To 20% Yield
- Ideal Investment Opportunity
- Five Star Externally Operated Kitchen
- Large Communal Area & Laundry Room
- Popular And Convenient Residential Location
Description
An amazing opportunity to acquire this large 18 bedroom property situated in a popular and convenient residential location.
Operating as a fully licensed HMO exclusively for males over the age of 35, and with long established working relationships with a number of local councils and charities, this is the only property of its type in the local area, serving a much needed function. Not only does the building benefit from outstanding occupancy, but it is sold as a going concern at, or near, full occupancy.
The property generates around £88,920 per annum and would represent an ideal purchase for an investor, with a current yield near 20% and each room achieving around £95 per week.
The current owners have agreements in place to cover day to day on site and administrative management, maintenance and cleaning of the property.
The property has been well maintained and features 18 bedrooms, 4 bathrooms and an additional WC, a 5 star kitchen (operated externally), laundry room, 2 large communal areas and parking to rear.
Situated in a residential area on a main road with easy access to bus and rail transport links and within walking distance of the town centre, doctors, hospitals and local amenities.
The area has recently benefited from major investment associated with the local rail heritage, and the property overlooks the Stephenson Bridge to the rear and the Hopetown Railway Museum to the front. In addition Darlington itself has benefited from investment through the relocation of government departments to the town.
Property Description Disclaimer
This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.
Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
Brochures
Brochure- 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.
- Band: E
- 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.
- Private garden
- 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
High Northgate, Darlington, DL1
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Visit our security centre to find out moreDisclaimer - Property reference 1985430-1. 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 Purplebricks, covering 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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