This two bedroom terraced house is located in Bishop Auckland which is just 19 miles from Durham City . The house has just been recently refurbished including new carpets and paint, a brand new kitchen and bathroom and double glazing windows. The management company have already screened the tenants and they will place the tenants once you have closed on the property. This property is managed by a great local management company.
Bishop Auckland is a very central location in the North-East of England, it is only 19 miles from Durham City which is famous for its Cathedral and 28 miles from the seaside town of Hartlepool, it is also just over 30 miles to Newcastle City.
Purchase price: 53,900
Gross annual rental income: £4,740
Property running costs: £1,999
(Tax, insurance and management costs)
Net annual rental income: £2,741
Investment calculation - Net Income divided by Purchase price