4 bed terraced house for sale

Corporation Road, Darlington DL3

Description

An excellent investment opportunity for investor landlords! Presenting a 4-bedroom HMO with tenants already in place, this property promises steady rental income. The house features 2 double and 2 single bedrooms, along with 2 bathrooms, a shared lounge, and a modern, well-equipped kitchen.

Situated in central Darlington as a mid-terrace property, this home comes with the added benefit of no onward chain. Don't miss out on the chance to expand your property portfolio with this promising investment!

Darlington is a North East town which is enjoying a boost to the economy with the 2021 opening of the hm Treasury's northern office, which is continuing to grow and recruit new staff over the next few years, many of whom will start off living in HMOs. Corporation Road is a convenient central location, close to the town centre and all it's shops. It is also easy to access the A1M for commuting links and there are an abundance of local shops, restaurants, takeaways and transport routes for the tenants.

Rental income of £1585 per month with individual rents of £400/£420/£365and £400 for each room respectively. Room 3 is currently available at £380 per month and is a cosy single.

Auctioneer Comments

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the
service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Council Tax Band: A
Tenure: Freehold
Freehold assumed, to be confirmed.

Bedroom 1 (3.66m x 3.66m)

Large furnished bedroom, downstairs to the front of the house.
This is a lovely bright bedroom with a bay window, vertical blinds and curtains.
The room has a GCH radiator and is furnished with a double bed, bedside cabinet and 2 wardrobes.

Bedroom 2 (3.75m x 2.99m)

On the first floor, facing the rear of the property.
A furnished double bedroom with roller blind, carpet, LED low energy light fitting and a radiator.
The room has a double bed and mattress, wardrobe with internal drawer space and bedside cabinets.

Bedroom 3 (2.72m x 2.33m)

A small but well designed single bedroom. With laminate flooring, wall mounted TV, single bed with drawers below, tall, slim chest of drawers and a fitted wardrobe in a recess.
The room also has a GCH radiator and a roller blind.

Bedroom 4 (3.71m x 2.48m)

A second single bedroom, but larger. This room has a roller blind, laminate floor and a GCH radiator.
There is a single bed with new mattress and traditional furniture - a long desk, pine chest of drawers and a wardrobe.

Entrance Hall

As you enter through the front door, there is a second internal door to keep the hallway warm.
The hallway accesses Bedroom 1 and the Living room with a staircase going up to the other bedrooms and the bathrooms.
Tiled floor, LED lighting and emergency lights, radiator.

Living Room (3.72m x 3.81m)

A large living room for all the tenants to use. Laminate flooring, radiator, brick fire surround (no fire any longer).
The tenants central heating control is located in this room. Digital room thermostat - ideal location for a Time-o-Stat HMO heating control (suggested).
There is a double sofa and armchair, a dining table with 2 chairs, and a wall mounted TV.

Kitchen (4.51m x 2.28m)

A lovely, well-designed kitchen with ample cupboards for all 4 tenants. With an electric hob and oven, washing machine and tumble dryer, microwave and 2 fridge freezers the tenants are well catered for.
The boiler is located in this room and has its annual gas safety checks.

Rear Garden

A rear yard with a seating area.
Enclosed, with garage style door opening to the rear alley.

Bathroom (2.45m x 2.18m)

The larger of the two shower rooms is lovely and spacious.
With WC, basin and two towel radiators. There is also a large shower with enclosure and rainfall shower.
Double glazed windows. Working extractor fan.

Shower (1.74m x 1.27m)

The second shower room is located next to the first and is a smaller room, but offers additional cleansing and toileting facilities.
With a square based shower enclosure and electric shower, basin with vanity cupboard above, towel radiator and WC and sliding door.
A perfect second bathroom.