Yieldit are pleased to present to the market this brilliant investment opportunity, the freehold property compromises of four self-contained studio apartments, each with their own fully-fitted kitchens and three-piece suite bathrooms. The accommodation is in a great location to benefit from plenty of local amenities and is less than a 10 minute drive to Bishop Auckland town centre or a short bus ride. The town is served by Bishop Auckland railway station which provides services to Saltburn via Darlington and Middlesbrough and the A68 means it is easily connected with Darlington, Durham, Newcastle and York.<br /><br />Bishop Auckland is a market town in County Durham, located 12 miles northwest of Darlington and 12 miles southwest of Durham. The town is set for a significant period of regeneration over the coming few years, The Auckland Project aims to transform the town centre and provide more attractions around the grounds of the Auckland Castle which is a fantastic tourist attraction. Durham County Council have secured £1million to help businesses and investors redevelop vacant buildings which should result in an economic boost for the town and attract even more people to the area. <br /><br />There hasn’t ever been a better time to invest in property in Bishop Auckland, over the last year the average sale price was £134,309 and sold prices over the last year were 10% up on the previous year and an incredible 15% up on the 2017 peak of £117,240 (Rightmove). The area is increasingly popular evident by the amount of property transactions, DL14 recorded 420.6% more transactions than the national average over the last 12 months which is a 9.1% increase on the year prior (Mouseprice). Don’t miss out on this lucrative investment opportunity and enquire today!<br /><br /> Financial Breakdown<br /><br /> Gross rent: £15,600 <br /> Net income: £15,600 <br /> Gross yield: 6.93% <br /> Net yield: 6.93% <br /> <br /> IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.<br /><br /> <br /> <br /> yieldit ref: YL-17453