7 bedroom terraced house for sale

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7 bedroom terraced house for sale

49 Corporation Road, Darlington, County Durham, DL3 6AD
£240,000

Price History

Initial price £275,000
13/02/25 £240,000
Price Change -12.73%

Description

This property is a 7-bedroom Housing of Multiple Occupancy (HMO) located in Corporation Road, DL3 6AD, which is up for sale by unconditional online auction on February 26, 2025. The property is partially let, generating £450 PCM (£5,400 PA) with a current gross yield of 1.96%. However, if fully let at market rent, the projected gross yield would be 15.27%, making it an attractive investment opportunity. The property is in a prime location, close to key transport links, employment hubs, and local amenities, with a high demand for rentals from professionals and students. The property is modern, well-maintained, and move-in ready, offering a huge rental growth potential to unlock additional income. With no chain and fast, hassle-free completion available, this property presents a rare opportunity for investors to capitalize on its exceptional yield potential and potential for capital growth.