2-bedroom flat · DL3 9XZ
Let agreedListed 23 days
Opportunity summary
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About
Long terms tenants welcome for this beautifully presented, fully furnished, over 55s first floor retirement apartment in a highly convenient location on the edge of Cockerton Village and the West End.
Offering an array of in-house facilities including communal living room, on-site manager and laundry facilities, the apartment is also moments away from the shops and amenities of Cockerton Green.
There is a direct bus route into the town centre from outside the apartment on Woodland Road. The water bill is also included in the monthly rent.
Having both stair and lift access, the accommodation comprises entrance hallway with storage cupboard, main living room/dining room with Juliette balcony, fitted kitchen, two bedrooms and shower room with large cubicle.
Outside there is private residents' car park, which itself is accessed from the public car park to the rear of the shops on Cockerton Green.
The apartment building itself stands in pleasant and well kept communal gardens which benefit from pedestrian access on Woodland Road, directly next to the bus stop for convenience.
Required Affordability - £23,850 per annum. Holding Deposit - £183.46 (equivalent to 1 week's rent). Deposit - £917.30 (equivalent to 5 weeks' rent). Council Tax & Local Authority - Band D.
Darlington Borough Council. Utilities - Mains electricity, water and drainage, no gas. Heating - Electric heating throughout. Broadband & Mobile - Available in the area.
Parking - Private residents' car park. Other Information - Property is available to move into immediately (subject to usual reference and move in procedures). Situated on first floor.
There is both stair and lift access to the apartment. Apartment is in a retirement development for over 55s only. Water bill is included in monthly rent.
No washing machines in apartment, laundry done via laundry rooms.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
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