Summary - 23A, HORSEMARKET DL12 8LX
1 bed 1 bath Flat
**Standout Features:**
- Self-contained 1-bedroom flat
- Newly replaced roof and refurbished communal areas (£40,000 value)
- Gross Initial Yield of 8.31% with a rental income of £5,400 per year
- Long leasehold (125 years remaining)
- Located in town center close to numerous amenities
**Potential Concerns:**
- Above-average crime rates in the area
- Property type: Leasehold (may impose future costs)
Welcome to this charming one-bedroom flat located in the spirited heart of Barnard Castle, an ideal investment opportunity with enticing rental prospects. With a gross initial yield of 8.31% and a stable annual rental income of £5,400, this recently renovated property is perfect for first-time buyers or seasoned investors looking to expand their portfolio immediately. The communal areas have been effectively updated, adding further value to this cozy residence.
Nestled in a vibrant town center, the flat boasts proximity to popular retailers like Morrison’s and local businesses, ensuring convenient access to everyday amenities. With a solid long lease of 125 years and a peppercorn ground rent, you'll find peace of mind in this investment. While the area does exhibit above-average crime rates, the potential for growth and accessibility to essential services makes this property a quick to move on for anyone seeking a foothold in Barnard Castle. Don’t miss out on this unique opportunity!
1 bedroom flat for sale in Flat 1, 23a Horsemarket, Barnard Castle, County Durham, DL12 — £65,000 • 1 bed • 1 bath • 424 ft²
2 bedroom flat for sale in Falt 4, 23 Horsemarket, Barnard Castle, County Durham, DL12 — £75,000 • 2 bed • 1 bath • 786 ft²
1 bedroom flat for sale in Flat C, 23 Horsemarket, Barnard Castle, County Durham DL12 8LX, DL12 — £60,000 • 1 bed • 1 bath • 424 ft²
1 bedroom flat for sale in Flat B, 23 Horsemarket, Barnard Castle, County Durham DL12 8LX, DL12 — £60,000 • 1 bed • 1 bath • 424 ft²
2 bedroom flat for sale in Flat D, 23 Horsemarket, Barnard Castle, County Durham DL12 8LX, DL12 — £65,000 • 2 bed • 1 bath • 786 ft²
2 bedroom flat for sale in Low Mill, Barnard Castle, County Durham, DL12 — £130,000 • 2 bed • 1 bath • 527 ft²
