Summary - 16 COLLIER CLOSE CROOK DL15 9PU
2 bed 1 bath Apartment
Two-bed ground-floor flat with tenant, garden and 8% gross rental yield — suitable for hands-on investors..
Two-bedroom ground-floor flat with rear garden
A compact two-bedroom ground-floor flat offering a straightforward rental opportunity in Crook. Currently tenanted and producing approximately £400pcm (around an 8% gross yield), the property is aimed at buy-to-let investors seeking immediate income and a low-maintenance asset with a rear garden.
The building dates from the late 1960s/early 1970s and shows mid-century features throughout; rooms are small to medium and the interior requires updating — textured wallpaper, dated finishes and some ceiling mould in places. Practical elements are in place: gas central heating, a boiler with radiators, and double glazing installed before 2002.
Important financial and legal points for buyers: the flat is leasehold with only 47 years remaining. This materially restricts mortgage options—many lenders may refuse to lend—and will likely require lease extension work or purchase via cash. Service charges are low (£50), council tax is very cheap, and flooding risk is low.
Location advantages include excellent mobile signal, average broadband, nearby primary schools with good Ofsted ratings, and local amenities such as playgrounds and leisure facilities. The immediate area is a small town fringe with some above-average crime statistics, so factor that into tenant profiling and management plans.
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