A Mid Terrace Building Arranged as a Ground Floor One Bedroom Flat and a First Floor Four Bedroom Flat. ERV of £11,188.84 per annum if Let at the Local Housing Authority Rate.

The property comprises a mid terrace building arranged as two self contained flats (1 x one bedroom flat and 1 x four bedroom flat).

Tenure

Freehold

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Leeholme and Coundon Recreation Centre are also within close proximity. Transport links are provided by Bishop Auckland rail station.

Exterior

The property benefits from a shared rear yard

Tenancy

The LHA rates for a one bedroom property in this postcode is £74.79 per week and £140.38 per week for a four bedrrom property. Thus potential income of £11,188.84 per annum (source: https://lha-direct.voa.gov.uk).

The property has not been internally inspected. All information has been supplied by the vendor.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.