Initial price	£65,000
21/12/25	£50,000
Price Change	-23.08%

This investment opportunity is a self-contained 1-bedroom flat located in the heart of Barnard Castle town centre. The property benefits from a gross initial yield of 10.80% and is currently let on an Assured Shorthold Tenancy (AST) to an individual at a rent of £5,400 per annum. The flat is situated on the first floor and provides approximately 39 square meters of living space, comprising one bedroom, kitchen, living room, and bathroom. The property has recently undergone refurbishment works, including a newly replaced roof and refurbished communal areas, and is held on a 125-year leasehold with a peppercorn ground rent. The town centre location is surrounded by a range of popular occupiers, including Morrisons, Costa Coffee, Specsavers, and more, making it an attractive investment opportunity for those looking to capitalize on the town's affluent residential population.