Sillars says ..

Property Oracle says ..

This property is an eight-apartment freehold block located on Tower Road in the Pierremont area of Darlington. The listing highlights its potential as an investment property, generating a substantial monthly rental income (£5,150) with a claimed 9% gross yield. The apartments appear to be recently renovated, featuring modern kitchens and bathrooms. The interior photos show updated fixtures, clean finishes and modern appliances. There is off-street parking for eight vehicles and a communal garden. The property’s location is convenient, being close to the town centre, Darlington Memorial Hospital, and several well-regarded schools, including primary and secondary education options, improving its appeal to tenants and buyers. However, the lack of provided square footage data limits a comprehensive market value assessment. The listed price of £695,000 requires deeper investigation and comparison with comparable investment properties within Darlington to determine its reasonableness. While the rental income is attractive, the absence of specific details about the property size, condition of individual units (beyond the provided images of some of the properties interiors), and ongoing maintenance costs leaves room for uncertainty. This analysis cannot justify, support or confirm the high end of the average price range of the property for its location without further specific data and market research into comparable properties. More information about the individual apartment sizes and associated rental incomes would enhance the assessment and transparency of this investment opportunity.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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