Sell Your Tenanted Property says ..

Property Oracle says ..

The property is a 3-bedroom terraced house listed at £126,000. It’s described as having average condition and great rental potential, currently tenanted at £725 per month. The location is within the Park East area of Darlington, which benefits from being close to amenities and potentially good schools. Skerne Park Academy, requiring improvement, is 0.25km away, while Polam Hall School (rated Good) is 1.15km away. Darlington train station is also relatively close by at 0.80km. The property includes a garden, which is a positive feature. While the exact size isn’t specified in square footage, the photos show a manageable garden space with a shed and seating area.

Considering comparable properties in the area, prices range from £95,000 to £190,000. The lack of square footage data for these properties makes direct price per square foot comparisons difficult. However, given the property’s average condition, the presence of a garden, and its proximity to amenities and transport links, the £126,000 asking price appears to be within the reasonable range for the Darlington market, especially considering its rental income potential. Further detailed analysis would require precise square footage data for the subject property and comparable properties to determine a more accurate price per square foot assessment.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images