**Standout Features:**
- Rental income of £5,520 p.a.
- Gross Initial Yield: 8.49%
- Newly renovated self-contained one-bedroom flat
- Prime town center location with nearby amenities
- Long leasehold with 125 years remaining
- Above-average crime rate; however, excellent mobile signal
- Garden space included
**Summary:**
This newly renovated self-contained one-bedroom flat in Barnard Castle combines charm and potential for investors seeking lucrative rental opportunities. With an impressive gross initial yield of 8.49%, this property promises steady rental income of £5,520 per annum, ensuring a strong return on your investment. Located in a vibrant town center, the flat is surrounded by a plethora of shops, cafes, and services, including Morrisons and Costa Coffee, fostering a lively urban lifestyle.
Spanning a compact 424 sq ft, the flat features a well-laid-out living area, kitchen, and bathroom, with the added luxury of a garden area—a rare find in such a central spot. While the property's crime rate is above average, the excellent mobile signal and average broadband speeds make it suitable for modern living needs. With 125 years left on the lease and the opportunity for future renovations, this flat stands as a noteworthy investment opportunity that won't last long.
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