Summary - Railway Street, Bishop Auckland, DL14 DL14 7LR
4 bed 4 bath Block of Apartments
Immediate rental income and refurbishment upside for hands-on investors.
Freehold block of four one-bed flats, sold with sitting tenants
A compact investment block offering four one-bedroom flats with an established rental income and immediate cashflow. The property is offered as a freehold and sold with sitting tenants, producing £1,900 pcm and showing a circa 12.5% gross yield at the asking price. Lettings and management services are available to simplify ownership.
The building is a mid-20th century, utilitarian pebble-dash structure with small rooms and generally low ceilings; it presents clear refurbishment potential rather than turnkey accommodation. Expect basic kitchens and standard ceiling heights throughout; some flats will benefit from cosmetic and possibly mechanical updates to maximise rents and long-term value.
Location fundamentals are mixed: broadband and mobile signal are strong, local schools have several good-rated options, and everyday amenities are close by. However, the wider area is classified as hampered aspiration with high local deprivation and very high crime levels, which will influence tenant profiles, rental growth and exit strategy. Buyers should verify tenure details and factor in ongoing management or refurbishment budgets.
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