49 Corporation Road, Darlington, County Durham, DL3 6AD
By Auctions
£ 275,000
Reviews
2 out of 5 stars
Auctions says ..
Guide Price £275,000 For sale by public auction on . Welcome to this charming 7 Bedroom HMO property, a lucrative investment opportunity now available for sale by online auction. This spacious property is currently attracting income from 2 tenants, with one paying £525pcm and the othe...
Property Oracle says ..
This seven-bedroom terraced property on Corporation Road, Darlington, is presented as a promising investment opportunity, marketed as an HMO. Its recent refurbishment is evident in the photographs, showcasing modern kitchens and bathrooms with a consistent design. The property’s proximity to Corporation Road Community Primary School and relatively close distance to Darlington town centre and train stations are significant advantages. The condition of the property appears very good. However, crucial details are lacking, notably the property’s square footage, plot size, and a complete description of the condition of the property beyond that shown in the photographs. The listed price is high compared to similar terraced properties in the vicinity, raising concerns about its value proposition. Further due diligence, including a survey and independent valuation, would be necessary to ascertain if the listed price accurately reflects the market value, taking into account the potential rental income of the HMO. The lack of outdoor space also impacts its overall appeal and potential value.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 8
- Location
- 7
- Land
- 1
- Bedrooms
- 7
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 183,456.00 £Increased by 10.92 %
- Average area rental value
- 818.00 £/moDecreased by 2.27 %
- Est rental Yield
- 5.35 %Decreased by 11.86 %
- Crime Rate
- 8.00 %Unchanged by 0.00 %
Agent Activity
Auctions created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Corporation Road Community Primary School | Academy Sponsor Led | Requires improvement | 0.07 KM |
Mcnay Street Sure Start Children'S Centre | Children's Centre | 0.46 KM | |
George Dent Nursery School | Local Authority Nursery School | Outstanding | 0.73 KM |
Reid Street Primary School | Academy Converter | Good | 0.87 KM |
Rise Carr College | Pupil Referral Unit | Good | 1.12 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
King Street | £ 0 | 0 | 0.00 KM |
North Road | £ 0 | 0 | 0.00 KM |
Northgate | £ 0 | 0 | 0.00 KM |
Burns Yard | £ 0 | 0 | 0.00 KM |
Barlby Drive | £ 0 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
North Road (Darlington) | 7895 | NRD | 0.60 KM |
Darlington | 7877 | DAR | 1.63 KM |
Heighington | 7887 | HEI | 7.77 KM |
Newton Aycliffe | 7834 | NAY | 9.82 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
49 Corporation Road, Darlington, County Durham, DL3 6AD | £ 240,000 | BUY | 6 / 10 | 0.00 KM |
Corporation Road, Darlington | £ 168,000 | BUY | 5 / 10 | 0.01 KM |
Corporation Road, Darlington | £ 170,000 | BUY | Unknown | 0.07 KM |
Thornton Street, Darlington | £ 115,000 | BUY | 6 / 10 | 0.10 KM |
Thornton Street, Darlington | £ 70,000 | BUY | 5 / 10 | 0.12 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
75 Corporation Road | £ 36,000 | 0.09 KM |
33 Corporation Road | £ 150,000 | 0.09 KM |
65 Corporation Road | £ 120,000 | 0.09 KM |
83 Corporation Road | £ 135,000 | 0.09 KM |
39 Corporation Road | £ 71,000 | 0.09 KM |