Initial price	£156,000
02/05/24	£148,500
03/05/24	£145,000
Price Change	-7.05%

The property is a 5 bedroom social housing investment property sold with a 5 year rent guarantee lease, generating £1300 pcm / £15,600 per annum net rent. The property is fully let and income producing until September 2028 and is located on Simpson Street in West Auckland, Bishop Auckland. The tenant, Mears Ltd, is a trusted provider of housing to various central Government departments and is responsible for paying the rent each month. The property is freehold and the landlord will remain responsible for the structure of the property, while Mears will be responsible for all day-to-day internal maintenance and service user damage. The property has a Council Tax band of A and an EPC rating of C. Viewings will be restricted due to the nature of the tenants and any buyer must carry out their own due diligence before proceeding to enter into an exclusivity agreement on the property.