*Guide | £15,000 - £30,000 (plus fees)
- Apartment
- 1 Bedroom
- Tenure: Leasehold.
Call the team on 0191 908 9691 for more information
Buy-to-Let Opportunity | Tenanted | £6,900 Per Annum Income
Tenanted Investment Opportunity – £575 PCM Offered for sale by auction is this well-presented one-bedroom ground floor flat, situated within the popular and established residential development of Gibbs Court, DH2 3DG. The property is currently let and producing an income of £575 per calendar month (£6,900 per annum), making it an ideal buy-to-let investment for landlords seeking immediate rental return. The accommodation extends to approximately 47 sq. metres (505 sq. ft.) and briefly comprises: entrance hall, spacious living room, fitted kitchen, double bedroom and bathroom. The property benefits from double glazing and a practical layout, suitable for long-term rental demand. Externally, the building is set within well-maintained communal grounds with a pleasant outlook. The location offers convenient access to local amenities, transport links and surrounding towns, supporting continued tenant demand. Investment Summary: Let at £575 PCM £6,900 per annum gross income Ground floor one-bedroom flat Popular residential development Ideal auction investment opportunity Tenanted and income producing from completion This property is recommended for investors seeking a straightforward, income-producing asset to add to their portfolio. Viewing strictly by appointment. Full legal pack available on request.
Tenure
Leasehold.
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Local Authority
Durham County Council
Solicitors
Stanton & Partners, 15 Beach Road, Ref: Stanton & Partners, Tel: 0191 427 0770
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - £3600 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
