Located in a well-connected area of Bishop Auckland, this property was an ideal rental property. The property had gas central heating, double glazing, but needed some light works – mostly carpets to bring it up to scratch. Many investors spotted the opportunity in this property, and the eventual investor ended up reserving this property and one other, to boost their portfolio
Discount Available: 20%
Property Type: 3 bed semi-detached
Open Market Value: £75,000
Net Purchase Value: £60,000
Equity Bonus: £15,000
Estimated Rental: £400
Yield: 8%