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34, Bishop Auckland, UK

£45,000 Freehold

  • Three bed terrace
  • Yard to rear
  • GCH via Combi
  • Double Glazed
  • Ideal Investment
  • EPC Rating D
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Brief
Three bedroom mid terrace property briefly comprising of entrance hall, lounge, kitchen/breakfast room, utility, downstairs bathroom. The to the first floor there are three bedrooms. Fitted carpets throughout. Enclosed yard to rear. Close to amenities.

Main
Rental Return = �433 pcm (tenanted live investment)

Professional management 10% = �43.30 pcm

Deposit 20% = �8,600

Loan 80% LTV with 4% Int Rate = �114.66pcm 38 % Mortgage Rental Yield

Positive Cash Flow = �275.04 pcm

Return on Capital Invested = 44.4%

Return for Cash Purchase = 12%

Figures are for illustration purposes only, please speak to a financial adviser for personalised projections

Local area: An excellent time to purchase a Below Market Value property in County Durham Launching in July 2016, The Eleven Arches project which will feature '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 pr

Approx year built: 1930

Type of property: Mid terrace

Structure: Brick

Roof: Tile

Tenure: Freehold

External: Rear yard

Approx rebuild cost: 130k For insurance purposes

1000 Reservation fees apply to begin the purchase process

Viewing
Please contact us on 01388 776600 if you wish to arrange a viewing appointment for this property, or require further information.

Energy Performance Certificate
Click here to view the Energy Efficiency Rating and Environmental Impact Rating for this property.


Disclaimer
Civic Properties endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.

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