Princes Street, Bishop Auckland DL14 2 bed terraced house for sale

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Princes Street, Bishop Auckland DL14 2 bed terraced house for sale

Princes Street, Bishop Auckland DL14
£47,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment potential detailed below (Let Property Pack)

Description

This 2-bedroom mid-terraced house in Bishop Auckland is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, and bathroom, and is currently generating an annual gross income of £4,800 from a long-term tenant. With a market rate of £6,000, the new owner has the potential to increase the rental income, making it a worthwhile addition to their portfolio. The current tenants have been in the property for several years and have a good track record of paying their rent on time, and they do not intend to move out. The property is being sold with the benefit of a tenant already in situ, making it an attractive option for investors looking for a hassle-free investment.