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Property Sales - 41516312 - Townhouse in United Kingdom, England, County Durham, Bishop Auckland

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Two bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
Townhouse
41516312
Bishop Auckland, United Kingdom
01 Jan 2021
£ 49,950 / € 55,627 / $ 67,826

Short Description

This large two bedroom house is amazing value at 49,950

Key Information

  • Property ID: 41516312
  • Location: Bishop Auckland
  • Property Type: Townhouse
  • Prices: £ 49,950 / € 55,627 / $ 67,826
  • Terraced
  • Terrace
  • On Street Parking

Full Description

This spacious two bedroomed house is located in Shildon, just a short distance from Bishop Auckland. The house was recently updated before the existing tenants moved into the property two months ago. There are two large bedrooms, a huge kitchen diner, updated bathroom and a large enclosed rear yard. This property is managed by a great local management company.

This house is approx. 2.5miles from Tindale’s retail park and Bishop Auckland’s town centre which allow for access to further facilities such as supermarkets, secondary schools, popular high street retail stores and healthcare services. The A688 and A689 are nearby and lead to the A1(M) both North and South ideal for commuters.

 

Investment Calculation

Purchase price: 49,950

Gross annual rental income: £4,200

Property running costs: £1,971
(Tax, insurance and management costs)

Net annual rental income: £2,229

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 8%

Break even in 12.5 Years

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Property Alerts

  • Townhouse
  • 2 bedrooms
  • United Kingdom
  • Bishop Auckland
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