House For Sale £89,950
High Northgate, Darlington

Commercial to Residential HMO opportunity with massive cash-flow potential. This is an ideal opportunity for an investor to expand their portfolio with a high cash-flow asset.
The property is a former dental practice that has achieved full planning to a 6 bed ensuite HMO with an extended kitchen-diner, WC and living room. These are excellent facilities that make it ideal to take advantage of the massive local demand for room rentals from working and medical professionals.
Planning Ref. No: 21/01440/FUL

Full Description - Commercial to Residential HMO opportunity with massive cash-flow potential. This is an ideal opportunity for an investor to expand their portfolio with a high cash-flow asset.

The property is a former dental practice that has achieved full planning to a 6 bed ensuite HMO with an extended kitchen-diner, WC and living room.These are excellent facilities that make it ideal to take advantage of the massive local demand for room rentals from working and medical professionals.

Planning Ref. No: 21/01440/FUL

Room rentals of a similar standard mean the property is expected to comfortably generate an annual rental income of £45,000. This could be increased further by adding an additional room.

The property has massive scope to be converted into either a 5, 6 or 7 bed HMO. A professional build team with massive experience in HMO conversions has quoted and is ready to begin.

The property is ideally located within short proximity to key blue-chip employers. 5 mins drive to Darlington Memorial Hospital, 8 mins drive to Amazon Hub and Cummins Industrial Park, 11 mins walk to the town centre and 14 mins drive to Teesside International Airport.

Darlington is undergoing a multi-million, multi-year regeneration program with key government departments moving in, including HM Treasury.

If you are seeking to level up your income and receive huge cash flow each month, this is the perfect property to invest in.

This property has been priced to sell to an smart investor who recognises value when they see it.

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Epc - EPC Rating - E
EPC Link -
Freehold - We have been informed that the property is Freehold. Interested purchasers should seek clarification of this from their Solicitors.

Important Info - Please note that all sizes have been measured with an electronic measure tape and are approximations only. Under the terms of the Misdescription Act we are obliged to point out that none of these services have been tested by ourselves. We cannot vouch that any of the installations described in these particulars are in perfect working order. We present the details of this property in good faith and they were accurate at the time of which we inspected the property. Stuart Edwards for themselves and for the vendors or lessors of this property whose agents they are, give notice, that: (1) the particulars are produced in good faith, are set out as a general guide only, and do not constitute any part of a contract; (2) no person in the employment of Stuart Edwards has the authority to make or give any representation or warranty in relation to this property.

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Please note Stuart Edwards Estate Agents is the trading name for Bluepace Durham Ltd.