*EXCELLENT INVESTMENET OPPORTUNITY BEING SOLD VIA AUCTION* *VACANT 7 BEDROOM PROPERTY WITH POTENTIAL FOR A HIGH RENTAL INCOME* *RESERVATION FEE APPLIES* Located in the heart of Bishop Auckland, just a short walk from the hospital and a range of excellent local amenities, this seven-bedroom HMO property offers a fantastic investment opportunity. Being sold via auction, the home presents strong potential for high yield returns, having previously been let at £1,650 per calendar month. Now offered with vacant possession, it allows any prospective landlord the flexibility to source their own tenants. The property is in good order throughout and ready to move straight into, making it an ideal turnkey addition to any rental portfolio. With demand for quality rental accommodation in the area remaining strong, this is a rare opportunity not to be missed with the floorplan briefly comprising Entrance into Reception Hall this gives access to 3 ground floor Bedrooms plus good size Lounge/Dining Room and well fitted Kitchen plus handy ground floor WC whilst to the first floor there are 4 additional Bedrooms plus a Bathroom with 3 piece suite. Externally to the rear of the property there is a good size private fence enclosed easy maintenance garden. Viewing a must to appreciate the potential!
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is 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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