A fantastic opportunity to purchase a block of five self-contained tenanted flats in the heart of Langley Moor. Already generating an income of £24,600 per annum and therefore sure to appeal to the astute investor. The property includes the freehold of the building and land to the rear.Situated in this popular and vibrant area, within approx. 1.5 miles of Durham City Centre with a array of local shops and amenities on the doorstep as well as regular bus services to the City Centre and Railway Station. Ground FloorFlat 1 – Living room/kitchen, shower room and bedroom approx. 33m2 EPC Rating -CFlat 2 - Living room/kitchen, shower room and bedroom approx. 32m2 EPC Rating - CFirst FloorFlat 3 - Living room/kitchen, shower room and bedroom approx. 36m2 EPC Rating DFlat 4 - Living room/kitchen, shower room and bedroom approx. 31m2 EPC Rating - CSecond Floor Flat 5 - Living room/kitchen, 2 bedrooms and bathroom approx. 65m2 EPC Rating - DExternally - To the rear of the property lies a area of land providing off road parking for a number of vehicles.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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