Summary - 61 QUAKER LANE DARLINGTON DL1 5PB
1 bed 1 bath Flat
Fully tenanted studio near town and station — strong yield and commuter appeal.
Fully tenanted studio generating £400 per month (immediate income)
Current gross yield circa 8.7% at £50,000 purchase price
Walking distance to town centre and train station (commuter appeal)
Separate kitchen and bathroom; Murphy bed maximises space
Allocated off-street parking bay and access to communal gardens
Leasehold tenure — check service charges and lease length
Located in a deprived area with high crime levels (consider risk)
Electric storage heaters — likely higher running costs
This compact studio flat on Quaker Lane is presented as an income-ready investment in central Darlington. Currently fully tenanted at £400 pcm, the purchase price of £50,000 gives an impressive current yield of about 8.7%, making it suitable for investors seeking immediate rental return and low-management tenancy. The layout includes a lounge/bedroom with a Murphy bed, plus a separate kitchen and bathroom for tenant privacy.
The building sits within walking distance of the town centre and train station, appealing to commuters and city-based renters. The flat benefits from an allocated parking bay and access to communal gardens, enhancing tenant convenience despite its modest footprint. Constructed in the late 1970s–early 1980s, the property appears well maintained externally and benefits from double glazing (installation date unknown).
Buyers should note material considerations: the property is leasehold, located in a deprived area with higher-than-average crime levels, and uses electric storage heaters which can mean higher running costs. The flat is small (studio/one-room) and suited to single occupants or those seeking a low-maintenance let rather than a family home.
For investors comfortable with leasehold ownership and the local market, this is a straightforward, let-ready asset with solid yield and commuter appeal. For owner-occupiers or buyers seeking larger living space, the size, local area profile and potential heating costs are important drawbacks to weigh.
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