Pearl Lemon Properties

Property Listings (Bishop Auckland)

£25,000/ 1-Bedroom Apartment with a Stunning Balcony in the Heart of Bishop Auckland / 15.4% Yield!

You’ll love this apartment’s balcony which overlooks the peaceful town centre of Bishop Auckland. It’s well suited for single tenants or young couples who want to live in the heart of Bishop Auckland which is just a short walk from the town centre, train station and local schools. The address is 36 General Bucher Court, Bishop Auckland DL 14 6EY.

Property Description

  1. One-bedroom apartment in a low-rise building 
  2. Leasehold (circa 119 years remaining)
  3. Ground rent: 200 pa
  4. Service charge: circa 500 pa
  5. Original sold price: £41,000
  6. Balcony
  7. Electrical heating
  8. Double glazed 
  9. EPC: E (2012)

This modern low-rise building can be rented for as low as £325 per month (at a 15.6% yield). The building sells for a low price of £25,000! The vendor wants to sell this property quickly, so make sure you don’t miss out on this incredible opportunity!

Financial Breakdown

Cash Purchase

PLP Price = £25,000

Estimated Monthly Rent (pcm) = £320-£325 pcm

Rental Yield = 15.4%

Reduced Finder’s Fee (inc VAT) = £2,400 (you save £1,200)

Make this lovely property your own by paying a £1,000 reservation fee and a non-refundable finder’s fee to secure this listing. Call Kanti Walden to reserve this fantastic apartment!