Refurbished 2 Bed House – Only £70k

Location: Darlington

Price: £70,000

Discount: Included

This 2-bed terraced house in Darlington is available for £70k and will rent for £475 pcm.

It’s ideal for a hands-off investor, especially if you want to add another passive income to your investment portfolio.

The current owner has developed the property with works including: New windows and doors, fresh plastering, a new heating system , electrical upgrade, new bathroom & kitchen, new carpets and décor.

With this property you’re buying a turn-key investment property which is ready to be advertised to the local rental market.

We have agents based locally who can manage the property on your behalf. Based on an income of £475 pcm, we estimate that you’ll be generating a gross monthly cash flow of circa £314. This is after a mortgage interest payment and a 10% fee to the letting agent has been deducted.

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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.

Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.