The subject property is located on Arthur Street in the village of Chilton, 11 miles north of the city of Darlington and 30 miles south of Newcastle upon Tyne
The village has a regular public transport service linking the major towns within the area.
The A1 linking to the North and South is just 5 minutes away.
The subject property is a mid-terraced building of traditional brick construction with a tiled roof.
To the ground floor the accommodation comprises of a hallway leading to a large front reception. The reception room has an electric radiator and UPVC window to the front aspect and leads to the large open plan kitchen/dining room. The kitchen hosts an electric oven, fitted modern eye level and base units. Beyond the kitchen there is a three piece bathroom suite with over bath shower.
At first floor level, bedroom one has a UPVC double glazed window with front aspect views, electric heater and over stairs recess, currently used as a clothes rail. Bedroom two has the benefit of an electric radiator and rear aspect facing UPVC double glazed window.
To the rear of the property there is a small yard and disused coal shed, used for storage. The yard area is accessed from the kitchen There is unrestricted on street parking to the front of the property.
Living Room: 3.78m x 4.43m (max.)
Kitchen / Dining room : 4.83m x 2.97m (max)
Bedroom 1: 4.24m x 3.83m (max.)
Bedroom 2: 4.56m x 2.97m (max.)
Bathroom: 2.38m x 1.8m (max.)
We understand the property has mains gas, electricity, water and drainage.
There is currently an AST in situ with a current rental income is £347 per calendar month (£4160 per annum) reflecting a gross yield of 16.6%.
The property is rated in Council Tax Band A. Council Tax payable (2015/2016) is £1191.96
Viewing by Appointment
To view this property, please contact John Pye Property – email@example.com – 0115 970 6060
✓ Excellent Investment opportunity
✓ Current rent (£4,160pa)
✓ Current rent (£346.66pcm)
✓ 12 month AST in place
✓ Yield of 16.6%
✓ Excellent transport links
✓ Requires minor refurbishment
✓ Quiet rural location
✓ Close to local amenities
Richard Reed, RICS
Phone: 0115 970 6060
Our Ref: PR018