Floorplan
Map
Area stats2 bedroom property for sale
Key information
Features and description
- 4 flats for sale
- 3 out of 4 of the flats currently let producing £1,695 PCM
- Convenient location close to Darlington town centre and transport links
- Ideal opportunity for investors and portfolio landlords
- Each flat offering 2 bedrooms
Investment Opportunity – Block of Four Two-Bedroom Flats
An excellent opportunity to acquire a block of four self-contained two-bedroom flats situated on the well-established West Auckland Road in Darlington. The property is offered as a commercial investment, making it an attractive purchase for investors seeking a ready-made income-producing asset.
The building comprises four well-proportioned two-bedroom apartments, each arranged to provide practical and comfortable accommodation. Each flat typically benefits from a living room, kitchen, two bedrooms, and bathroom facilities, offering layouts well suited to the local rental market.
Three of the four flats are currently let, producing a combined rental income of £1,695 per calendar month, providing immediate income for a purchaser with the potential to further increase returns once the remaining unit is occupied.
The property is located within a popular and convenient residential area, offering easy access to Darlington town centre, a range of local shops and amenities, schools, and public transport links. The area also benefits from good connectivity to the A68 and A1(M), making it well positioned for commuting across the region.
This property presents a strong buy-to-let investment opportunity, offering multiple income streams and the potential for long-term capital growth in an established rental location.
Rooms
Location
The property is situated on West Auckland Road (A68) in the Cockerton area of Darlington, approximately 1.5 miles north-west of Darlington town centre. The location forms part of a busy neighbourhood retail and service parade, providing strong local footfall and good visibility.
West Auckland Road is a well-established commercial corridor serving the surrounding residential districts, with nearby occupiers including independent retailers, cafés, professional services, pharmacies and convenience shops.
EPC
Available upon request
Council Tax Band
All flats are council tax band B.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
Area statistics
About this agent
