Mitchell Street, South Moor, DH9 7BE

INVESTMENT OPPORTUNITY – PAIR OF SELF-CONTAINED FLATS – TENANTS IN SITU – CASH BUYERS ONLY An excellent investment opportunity to purchase a pair of self-contained flats, both sold with willing tenants in situ, generating a combined rental income of £780 PCM (£9,360 per annum), representing a gross rental yield of approximately 14.4% based on £65,000.

The ground floor flat comprises a hallway, bedroom, lounge, kitchen and bathroom.

The first floor flat benefits from its own private entrance, stairs to the landing, lounge, kitchen, two bedrooms and bathroom.

Both flats have separate gas combination central heating systems and share a rear yard. The property is freehold, with both flats held on a single title, and is being marketed to cash buyers only.

Both flats currently hold Selective Licences; however, these are not transferable, and the purchaser will need to apply for new licences.

Each flat is in Council Tax Band A, with EPC ratings of D (67) and D (68).

HALLWAY   0.98m x 4.18m uPVC entrance door with matching double glazed window over, single radiator and doors to the bedroom and lounge.

BEDROOM   4.19m x 2.37m uPVC double glazed window, wall mounted gas combi central heating boiler and a single radiator.

LOUNGE   3.7m x 4.06m Storage cupboard, uPVC double glazed window, double radiator and doors lead to the inner hallway and kitchen.

KITCHEN   1.4m x 2.02m Wall and base units with laminate worktop, space for a slot-in cooker, stainless steel sink, PVC panelled walls, laminate ceiling, uPVC double glazed windows and matching rear exit door to yard.

INNER HALL   Door leads to the bathroom. BATHROOM   2.43m x 1.6m A white suite featuring a panelled bath, pedestal wash basin, WCV, single radiator and ceiling extractor fan.

ENTRANCE HALLWAY (GROUND FLOOR)   Accessed via its own dedicated private entrance door via the rear yard.

uPVC stairs to the first floor with matching double glazed window over and stairs to the first floor.

LANDING   Loft access hatch, single radiator and doors leading to the lounge, bedrooms and bathroom.

LOUNGE   5.24m x 4.2m Feature wood fire surround with marble inlay and hearth, gas fire, laminate flooring, storage cupboard, two double radiators, uPVC double glazed window and a doorway to the kitchen.

KITCHEN   1.42m x 2.0m Fitted with wall and base units, laminate worktops and tiled splash-backs.

Space for a cooker, plumbed for a washing machine, stainless steel sink, uPVC double glazed windows and laminate flooring.

BEDROOM 1 (TO THE FRONT)   2.23m x 3.05m uPVC double glazed window, laminate flooring and a double radiator.

BEDROOM 2 (TO THE FRONT)   2.92m x 2.53m uPVC double glazed window, wall mounted gas combi central hearting boiler, laminate flooring and a double radiator.

BATHROOM   2.03m x 1.6m A white suite featuring a panelled bath, pedestal wash basin, WC, radiator, tiled splash-backs and an extractor fan.

HEATING   Each flat has individual gas fired central heating via combi boilers and radiators. GLAZING   Full uPVC double glazing installed.

ENERGY EFFICIENCY   19 Mitchell Street EPC rating C (70). 19a Mitchell Street EPC rating D (68). Please speak to a member of staff for a copy of the full Energy Performance Certificates.

UTILITIES   Each flat has separate utility meters. TENURE   We understand that the property is freehold. We would recommend that any purchaser has this confirmed by their legal advisor.

COUNCIL TAX   Each flat is in Council Tax band A, currently £1,748.10 per year. MINING   The property is situated within a former coal mining area.

Further information relating to any historic mining activity affecting the property should be obtained through the usual conveyancing searches.

VIEWINGS   We have created a 360 degree tour which can be viewed on our website or the portals Rightmove and OnTheMarket.

To view in person please contact the office on or email MAKING AN OFFER   Please note that all offers will require financial verification including proof of available cash and full chain details including selling agents and solicitors down the chain (if applicable).

Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

SELECTIVE LICENSING   Please note that this property falls within the Local Authority Selective Licensing zone where a Landlord is required to register the property with the council every five years.

Charges apply. Please visit for further information.

ANTI-MONEY LAUNDERING CHECKS   To comply with Anti-Money Laundering Regulations, all successful purchasers will be required to provide satisfactory identification and source of funds documentation.

An administration fee may be charged by our client to purchasers of £49 (plus VAT) to cover the increasing costs of this customer due diligence.

AGENTS NOTE   As the two flats are on one title, we understand that finance may not be an option for this particular property.

Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract.

The Vendor does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property.

We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.

Yard   Large yard shared by the two flats. Parking - On street   On-street parking to the front and rear. Potential to create official off-street parking to the rear.

Disclaimer   Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract.

The owner does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property.

We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.