Bishop Auckland DL14
2 BEDROOM MID TERACED
NET Profit (PCM):
EST. NET PROFIT PA:
* 2 YEAR RENT FREE PERIOD*
Hotkey Invest are proud to present this 10 year lease option in Bishop Auckland.
The option to purchase is set over 10, which allows you to secure the property at today’s option price without finance for the option term. This enables you to benefit from potential capital growth as well as surplus rental income during the term.
This property comprises of 2 spacious bedrooms, a fitted kitchen and bathroom suite, a separate lounge and private courtyard.
The property is based on a small private street backing on to open plan fields and agriculture.
The property is in need of a refurbishment.
We believe once the refurbishment has been done the property can achieve an estimated monthly rent of £325pcm
This property has the added benefit of a 2 year rent free period.
Bishop Auckland is a market town and civil parish in County Durham in north east England. It is located about 12 miles northwest of Darlington, 12 miles southwest of Durham and 5 miles southeast of Crook at the confluence of the River Wear with its tributary the River Gaunless
Close to local amenities
10 year Term
8 % Yield
(based on single family let)
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IMPORTANT NOTICE: Hotkey Invest trading name for Hotkey Consultancy Ltd for themselves and for the lessors or vendors of this property whose agents they are give notice that: 1. No appliances, services or service installations have been tested and no warranty as to suitability or serviceability is implied. Any prospective purchaser or lessee is advised to obtain verification from their surveyor or solicitor. 2. The particulars are set out as a general outline only for the guidance of the intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. 3. All descriptions, calculations, reference to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representation of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them before making any commitment to participate. Calculations have been rounded up or down accordingly. 4. No person in the employment of Hotkey Invest has any authority to make or give any representation or warranty whatsoever in relation to this property. 5. All rentals and prices are quoted exclusive of Stamp Duty, legal and surveyors fees and any other associated purchasers or lessees costs. 6. Floor plans are indicative only and should not be relied on. 7. The map showing the boundary of the property postcode is indicative only and has not been checked against the legal title so should not be relied on. 8. All dimensions, floor areas and site areas are only approximate and should not be relied on. Dimensions are generally maximum room dimensions. 9. Hotkey Invest is not a regulated or licensed investment or financial advisor, therefore please seek independent financial advice. 10. Hotkey Invest is not a property management company for Serviced Accommodation, House of Multiple Occupation, Buy to Let and other, therefore please seek an independent management company before making any commitment to participate. 11. Hotkey Invest cannot be held liable for any losses whatsoever incurred as a result of any decisions made from relying on this report.