Residential Portfolio in DL3
West Auckland Road, Darlington, Durham, DL3 9EL
Online auction
- 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
Residential Portfolio in DL3
*For sale via secure sale online bidding: terms and conditions apply.*
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.
Summary
- Property Type: Residential Portfolio
- Tenure: Leasehold
- Parking: Garage
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.
Additional Information
For further information please contact the Stockton Branch of Pattinsons on 01642 210132 or via email stockton@pattinson.co.uk.
Floor Plan
This property is being sold subject to unconditional reservation fee auction terms and conditions.
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.
A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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