House For Sale £220,000
Victoria Road, Darlington, DL1

This is an ideal opportunity for the property investor. The property has the potential to have 5 letting bedrooms and could be let as an HMO (House of Multiple Occupancy) and it is licenced until June 2023.

Each bedroom has previously been let for £80.00 per week which would generate an income of £20,800 at full occupancy, this equates to a potential yield of 9.45% at the full asking price.

The accommodation briefly comprises on the ground floor; entrance lobby, entrance hallway, bed/sitting room 1 with bay window, bed/sitting room 2, kitchen, shower room/w.c., and a utility room. To the first floor there are a further two bed/sitting rooms, a kitchen and a shower room/w.c. To the second floor thee is a fifth bed/sitting room. There is also a useful cellar.

Victoria Road is centrally located close to the railway station, it has recently undergone a regeneration scheme which has seen significant improvement with further improvement and redevelopment earmarked for the near future which includes significant work to the railway station and the surrounding area.

COUNCIL TAX BAND: C