Block of Apartments

Waskerley Grove, Bishop Auckland DL140SE

Size: sqm

Purchase price

£225,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £15,600
Net income £15,600
Gross yield 6.93%
Net yield 6.93%

Yieldit are pleased to present to the market this brilliant investment opportunity, the freehold property compromises of four self-contained studio apartments, each with their own fully-fitted kitchens and three-piece suite bathrooms. The accommodation is in a great location to benefit from plenty of local amenities and is less than a 10 minute drive to Bishop Auckland town centre or a short bus ride. The town is served by Bishop Auckland railway station which provides services to Saltburn via Darlington and Middlesbrough and the A68 means it is easily connected with Darlington, Durham, Newcastle and York.

Bishop Auckland is a market town in County Durham, located 12 miles northwest of Darlington and 12 miles southwest of Durham. The town is set for a significant period of regeneration over the coming few years, The Auckland Project aims to transform the town centre and provide more attractions around the grounds of the Auckland Castle which is a fantastic tourist attraction. Durham County Council have secured £1million to help businesses and investors redevelop vacant buildings which should result in an economic boost for the town and attract even more people to the area.

There hasn’t ever been a better time to invest in property in Bishop Auckland, over the last year the average sale price was £134,309 and sold prices over the last year were 10% up on the previous year and an incredible 15% up on the 2017 peak of £117,240 (Rightmove). The area is increasingly popular evident by the amount of property transactions, DL14 recorded 420.6% more transactions than the national average over the last 12 months which is a 9.1% increase on the year prior (Mouseprice). Don’t miss out on this lucrative investment opportunity and enquire today!

ATTENTION INVESTORS - GENERATE INSTANT INCOME ON THIS TENANTED INVESTMENT OPPORTUNITY! Four self-contained studio apartments with their own kitchens and bathrooms. Don't miss out and enquire today!

Interested in this property? Enquire today for more information

Key features

Key features

Tenanted investment opportunity

Key features

6.93% NET yield!

Key features

Sold with freehold

Key features

Four self contained studio apartments

Key features

Front garden

Key features

Three-piece bathroom suites

Key features

Each flat has a parking space

Key features

Double glazing

Key features

Freehold

ATTENTION INVESTORS - GENERATE INSTANT INCOME ON THIS TENANTED INVESTMENT OPPORTUNITY! Four self-contained studio apartments with their own kitchens and bathrooms. Don't miss out and enquire today! More info...

Yieldit are pleased to present to the market this brilliant investment opportunity, the freehold property compromises of four self-contained studio apartments, each with their own fully-fitted kitchens and three-piece suite bathrooms. The accommodation is in a great location to benefit from plenty of local amenities and is less than a 10 minute drive to Bishop Auckland town centre or a short bus ride. The town is served by Bishop Auckland railway station which provides services to Saltburn via Darlington and Middlesbrough and the A68 means it is easily connected with Darlington, Durham, Newcastle and York.

Bishop Auckland is a market town in County Durham, located 12 miles northwest of Darlington and 12 miles southwest of Durham. The town is set for a significant period of regeneration over the coming few years, The Auckland Project aims to transform the town centre and provide more attractions around the grounds of the Auckland Castle which is a fantastic tourist attraction. Durham County Council have secured £1million to help businesses and investors redevelop vacant buildings which should result in an economic boost for the town and attract even more people to the area.

There hasn’t ever been a better time to invest in property in Bishop Auckland, over the last year the average sale price was £134,309 and sold prices over the last year were 10% up on the previous year and an incredible 15% up on the 2017 peak of £117,240 (Rightmove). The area is increasingly popular evident by the amount of property transactions, DL14 recorded 420.6% more transactions than the national average over the last 12 months which is a 9.1% increase on the year prior (Mouseprice). Don’t miss out on this lucrative investment opportunity and enquire today!

  • Key features
    Tick Desktop Tenanted investment opportunity
    Tick Desktop 6.93% NET yield!
    Tick Desktop Sold with freehold
    Tick Desktop Four self contained studio apartments
    Tick Desktop Front garden
    Tick Desktop Three-piece bathroom suites
    Tick Desktop Each flat has a parking space
    Tick Desktop Double glazing
    Key features

    Freehold

  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £15,600
Net income £15,600
Gross yield 6.93%
Net yield 6.93%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.