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4 bedroom end of terrace house for sale
Darlington DL3
£158,000
Darlington DL3
£158,000
Price History
Initial price | £170,000 |
09/06/24 | £158,000 |
Price Change | -7.06% |
Description
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This is a fully tenanted 4-bedroom end-of-terrace HMO (House in Multiple Occupation) situated in [LOCATION], specifically designed for professionals, with each of the four bedrooms measuring at least 10 square meters, offering a combined rental income of £21,600 per annum. The property is currently managed by a local agent and includes all bills in the rent, charged at £410 per month. There is potential to enhance the income to £27,000 per annum by converting the lounge into a fifth bedroom, subject to necessary permissions and compliance with HMO regulations. The property presents a gross yield of 13.6%, with the possibility of increasing this to 17% with the additional bedroom. The property is conveniently located for access to local amenities and transport links, with distances and travel times estimated via Google Maps. A buyer's fee of 1.5% + VAT applies.