New to the market is this fantastic investment opportunity. A spacious two bedroom flat located on the ground floor of a well-maintained building.

This property is currently occupied by a reliable tenant, presenting a seamless option for those looking to secure immediate rental income. The current tenant is dutifully paying £450 per calendar month, offering a steady return on investment from day one with a yield of 8.31%

Upon entering the flat, you are welcomed into the hallway, leading to a bright and airy living space, perfect for relaxing or entertaining guests. The kitchen boasts modern fixtures and fittings, providing a pleasant environment for culinary endeavours. The property features two generously sized bedrooms, offering ample space for personalisation and relaxation. The bathroom is fitted with contemporary amenities, ensuring comfort and convenience for the occupants.

This flat is situated on the ground floor and the property benefits from an abundance of natural light, creating a warm and inviting ambience throughout.

The flat is also located in the Albert Hill area of Darlington, and boasts of major transport links right on the doorstep, as well as being close to many local amenities.

MATERIAL INFORMATION:

In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance

PART A
Local Authority – Darlington Borough Council
Council Tax Band – B
Tenure – Leasehold
Lease Expiry Date: 01.01.2132
Service Charge: £850 per year.
Ground Rent - £309 per year.

PART B
Property Type – Ground Floor Flat
Property Construction – Timber Frame Construction
Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls
Gas Supply – N/A
Electricity supply – Mains
Water Supply – Mains (metered)
Sewerage – Mains
Heating – Electric Heating
Estimated Mobile phone coverage – Please refer to the Ofcom Website - https://checker.ofcom.org.uk/en-gb/mobile-coverage
Estimated Broadband Download speeds – please refer to the Ofcom Website – https://checker.ofcom.org.uk/en-gb/broadband-coverage
Parking – Communal Carpark with Allocated Spaces

PART C
Building Safety – (The Vendor is not aware of any Building Safety issues. However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm)
Restrictions – Covenants which affect the property are contained within the Land Registry Title Register which is available for inspection.
Selective licencing area – no
Article 4 Planning Restricted area – the property is subject to Article 4 Direction
Conservation Area – N/A
Probate – N/A
Rights & Easements- None
Flood risk – Rivers and seas: Very Low. Surface water: Low
Coastal Erosion – N/A
Protected Trees - NA
Planning Permission – There are no current planning applications in the locality that we are aware of. Or planning details that are known
Accessibility/Adaptations – Ramped pathway.
Mining Area – N/A

No other Material Information disclosures have been made by the vendor. This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing. However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.
Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed. If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.

HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, this includes buyers when their offer is accepted. This must be completed, per purchaser, who in the transaction will result in being the legal owner(s) of the property. There is a £30 (inc VAT) administration fee per individual purchaser, for these checks.