9 bed End of Terrace

Ideal opportunity for an investment of a 9 bedroom HMO with sitting tenants, offering kitchen and dining area, 3 bath/shower rooms and a rear yard, situated in the heart of Darlington on North road this property is close to the A1M & the A66, also a stone’s throw away from highstreet shops, bus routes and the train station ideal for people commuting into the town. There are four bedrooms on the ground floor and 1 bathroom and on the first floor, there are a further 6 bedrooms and two communal bathrooms to accommodate these rooms. It has been rented on a right to rent agreement which will be coming to an end when the property is purchased. The gross yield is around 17% making this property a healthy investment. Communal Dining Area Communal dining area compromises of fixed tables and chairs, radiators, double glazed upvc windows and tiled flooring. Kitchen Shared kitchen, numerous hobs and ovens, cupboards facilitating each person per room, double glazed upvc windows, fridge/freezers and washing machines situated in the laundry room. Auctioneer comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.