Full description
Bishop Auckland boasts a large array of tourist attractions ranging from the castle and Roman Ruins through to galleries, museums and the annual open air show Kynren. Durham is a half hour drive away and people use the flats for destination holidays, work and also as a convenient stopping place between London and Scotland. The flats have received consistently high ratings (4.87/5 and 4.76/5) and have been offered out as holiday lets for the past 8 years.
Generating a steady revenue of £40K per annum (projected 50k next year), with excellent occupancy rates, these flats situated in a converted end of terrace house would suit a host just starting out or be a great addition to an existing portfolio. They are listed on the main short-term letting sites and also have their own website for private bookings.
Situated in a converted end of terrace, the flats could also be readily converted back into a very large 6/7 bed family home.
High Specification Refurbishments: Recently renovated both internally and externally to a high standard.
Fully Furnished: Includes superking beds, fully equipped kitchens, stylish living rooms with comfortable sofabeds, TVs, display cabinets, and soft furnishings. Furnishings available to to purchase under separate agreement.
Modern Amenities: Nest thermostats, combi-boilers less than five years old, recently replaced downstairs windows, and new bathroom in the upstairs flat.
Potential for Expansion: Enormous loft space suitable for conversion into additional bedrooms with en-suites.
Outdoor Space: Beautifully remodelled front garden with iron scrollwork, new gate and railings, and shared back garden with recently replaced solid wood gates.
Excellent Condition: Roof in very good condition, sandstone facade repointed in lime and weatherproofed, brick rear of the house fully rendered for breathability and insulation and guttering recently redone. Both flats decorated in Farrow & Ball and Earthborn paints.
The ground floor flat features a large kitchen dining room, with bathroom (bath and separate shower) next to it. The kitchen has oak surfaces, modern cooker and electric hob and a washer-dryer. The bedrooms and living room have period features with cornicing detail and central chandelier hubs. The living room boasts a double fronted bay window onto a corner front garden also the property of the flat and recently remodelled with iron scrollwork, new gate and railings.
The first floor flat includes a newly redesigned bathroom with whirlpool bath and integrated standing shower, a generously sized living room with a cosy gas-powered fireplace, and a modern kitchen with an electric hob, oven, dishwasher, washing machine and tumble dryer with space to dine in. There is a bedroom off the living room and the other bedroom off the hallway with big windows letting in lots of light.
The flats can be remotely managed from wherever you are in the country.
NOTES: The flats are eligible for business rate relief with negligible costs and a low cost waste disposal agreement is in place with the council. The flats are being sold freehold as the pair under separate title deeds. All accesses to the website, house automations and guest hosting processes will be shared by the seller and shown to the new owner as part of the sale.