2 Bedroom Terraced for sale in Shildon, DL4
Diamond Street, Shildon, DL4£40,000
Agent details
This property is listed with:
Full Details for 2 Bedroom Terraced for sale in Shildon, DL4 :
** Excellent Investment Opportunity ** £10k refurbishment required; including UPVC double gazing, Heating system & Conversion of Master bed into 2 beds to maximise rental income. Reduced price requires fast sale.
Rental Return = £433 pcm
Professional management 10% = £43.30 pcm
Deposit 20% = £8,000
Refurbishment required = £10,000
Loan 80% LTV with 4% Int Rate = £102.66 pcm
Positive Cash Flow = £283.04 pcm
Return on Capital Invested = 21.8%
Return for Cash Purchase = 10.4%
Figures are for illustration purposes only, please contact a financial adviser who can give you personalised projections
Local area: An excellent time to purchase a Below Market Value property in County Durham
Launching in July 2016, The Eleven Arches project which will feature \‘Kynren - an Epic tale of England\‘ set in the grounds of Auckland Castle, Bishop Auckland. Hailed as a must see attraction, will attract up to 800,000 visitors a year. The £60 Million project to renovate Auckland Castle & Bishop Auckland Market Place is also well underway.Copy & paste this link into your browser for details: www.thisisdurham.com/kynren. In Newton Aycliffe, an £82m Hitachi train factory has been officially opened in September 2015. The Hitachi plant will employ 730 workers assembling high-speed Intercity trains for the East Coast and Great Western main lines. The Prime Minister David Cameron said it was a \"show of confidence\" in the region. \"This is Hitachi\‘s first factory in Europe and their massive investment is a sign of their commitment to the United Kingdom and a real show of confidence in our economy and of confidence in the North East,\"
Approx year built:
1930
Type of property:
Terrace
Structure:
Brick
Roof:
Tile
Tenure:
Freehold
External:
Rear yard
Approx rebuild cost:
£140k for insurance purposes
£1000 Reservation fees apply to begin the purchase process
Rental Return = £433 pcm
Professional management 10% = £43.30 pcm
Deposit 20% = £8,000
Refurbishment required = £10,000
Loan 80% LTV with 4% Int Rate = £102.66 pcm
Positive Cash Flow = £283.04 pcm
Return on Capital Invested = 21.8%
Return for Cash Purchase = 10.4%
Figures are for illustration purposes only, please contact a financial adviser who can give you personalised projections
Local area: An excellent time to purchase a Below Market Value property in County Durham
Launching in July 2016, The Eleven Arches project which will feature \‘Kynren - an Epic tale of England\‘ set in the grounds of Auckland Castle, Bishop Auckland. Hailed as a must see attraction, will attract up to 800,000 visitors a year. The £60 Million project to renovate Auckland Castle & Bishop Auckland Market Place is also well underway.Copy & paste this link into your browser for details: www.thisisdurham.com/kynren. In Newton Aycliffe, an £82m Hitachi train factory has been officially opened in September 2015. The Hitachi plant will employ 730 workers assembling high-speed Intercity trains for the East Coast and Great Western main lines. The Prime Minister David Cameron said it was a \"show of confidence\" in the region. \"This is Hitachi\‘s first factory in Europe and their massive investment is a sign of their commitment to the United Kingdom and a real show of confidence in our economy and of confidence in the North East,\"
Approx year built:
1930
Type of property:
Terrace
Structure:
Brick
Roof:
Tile
Tenure:
Freehold
External:
Rear yard
Approx rebuild cost:
£140k for insurance purposes
£1000 Reservation fees apply to begin the purchase process
Static Map
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House Prices for houses sold in DL4 1HX
Stations Nearby
- Bishop Auckland
- 2.2 miles
- Shildon
- 0.6 miles
- Newton Aycliffe
- 2.7 miles
Schools Nearby
- The Grange Learning Centre
- 6.2 miles
- Broom Cottages
- 5.8 miles
- Pear Tree School
- 2.2 miles
- Timothy Hackworth Primary School
- 0.2 miles
- St John's Church of England Aided Primary School, Shildon
- 0.5 miles
- Thornhill Primary School
- 0.4 miles
- King James I Academy
- 2.2 miles
- Greenfield School Community and Arts College
- 2.1 miles
- Sunnydale Community College for Maths and Computing
- 0.6 miles
