Summary - 23A, HORSEMARKET DL12 8LX
2 bed 1 bath Flat
**Key Features:**
- Self-contained 2-bedroom flat, first floor
- Recently refurbished communal areas and newly replaced roof (£40,000 investment)
- Currently under-rented; potential rental income of £7,000 p.a. vs. £5,520 p.a.
- Excellent location in Barnard Castle's town center with nearby amenities
- Long leasehold with 125 years remaining
- Low maintenance private rear garden
- Gross Initial Yield: 7.36%
- Average crime rate; needs tenant management
Nestled in the heart of Barnard Castle, this charming 2-bedroom flat offers both comfort and potential for savvy investors or first-time buyers. Priced attractively at £75,000, this leasehold property is situated within a historic building enriched by Georgian architecture, enhancing its appeal. The flat boasts spacious living with a bright kitchen, inviting living room, and a well-appointed bathroom, all benefiting from recent upgrades to communal areas and a new roof.
With a promising rental potential at an estimated value of £7,000 per annum, this property stands out as an exceptional investment opportunity. Positioned conveniently near popular local amenities including Morrisons, Costa Coffee, and Boots, the vibrant community atmosphere further elevates its desirability. However, prospective buyers should note the average crime rate in the area and take into consideration the need for tenant management.
This property harmoniously blends urban convenience with residential comfort, making it an ideal choice for individuals looking to establish roots in a thriving town while also considering future renovation opportunities to enhance its value. Don't miss out on this chance to secure a well-located flat with excellent yields—a perfect canvas for both living and investment endeavors!
1 bedroom flat for sale in Falt 2, 23a Horsemarket, Barnard Castle, County Durham, DL12 — £65,000 • 1 bed • 1 bath • 424 ft²
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 Flat D, 23 Horsemarket, Barnard Castle, County Durham DL12 8LX, DL12 — £65,000 • 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 Low Mill, Barnard Castle, County Durham, DL12 — £130,000 • 2 bed • 1 bath • 527 ft²
