Summary - 24 HENRY STREET DARLINGTON DL1 2HG
3 bed 2 bath Terraced
Long-term let with refurbishment upside in Darlington — suited to buy-to-let investors.
- Three bedroom mid-terrace Victorian house, two storeys
- Long-term tenant in situ; current annual gross income £5,640
- Freehold; small rear private garden only, no front garden
- On-street parking; excellent mobile signal and fast broadband
- Property in basic condition with clear renovation potential
- Area very deprived with very high crime — affects risk and management
- Local market: constrained renters and transitional Eastern European area
- Buyers Premium applies; serious investor/developer interest likely
A three-bedroom mid-terrace Victorian property on Henry Street, offered freehold with a long-term tenant in situ. The house is compact with small rooms across two storeys, a rear private garden and on-street parking. Current condition is basic but usable, presenting clear scope for refurbishment or reconfiguration to increase rental value.
This is presented primarily as a buy-to-let / investor opportunity. The property currently produces an annual gross income of £5,640 and is occupied by tenants reporting long tenures and regular payments. Its location close to local amenities and fast broadband/excellent mobile signal supports ongoing lettability.
Material considerations are factual: the area is classified as very deprived with very high crime rates and a local profile of constrained renters; these factors can affect tenant turnover, management costs and resale value. The house sits on a small plot, has no front garden and is flush to the pavement. Rooms are modest in size and the building will reward targeted investment rather than being turnkey.
Developers and serious investors should note the buy-to-let focus, the Let Property Pack availability for detailed investment figures, and that a Buyers Premium will apply on sale. This suits investors seeking immediate rental income with potential to add value through refurbishment or re-letting at increased rents.
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