£1,400,000
Property for saleAvery Gardens, Haughton Rd, Darlington DL1
Freehold
About this property
Magnum Properties are delighted to present Avery Gardens, an exceptional opportunity to acquire a substantial, income-producing residential investment in the thriving and rapidly expanding town of Darlington. Constructed to a high specification throughout, this established development offers immediate rental income alongside excellent long-term capital growth potential.
Offered at an asking price of £1,400,000, the portfolio currently generates an annual rental income of £93,480, reflecting a gross yield of approximately 6.7%. There is also scope to increase the annual rental income to approximately £103,020, enhancing the potential gross yield to around 7.4%.
The development benefits from secure underground parking, complemented by an additional on-site car park providing approximately 20 parking spaces, adding further convenience and appeal for tenants.
Each apartment has been finished to a high standard, offering modern, well-designed accommodation that continues to attract strong tenant demand. Available as a leasehold investment, the portfolio represents a fully established asset with a proven rental income and opportunities for future growth.
For further information, please contact Magnum Properties on or email .
Offered at an asking price of £1,400,000, the portfolio currently generates an annual rental income of £93,480, reflecting a gross yield of approximately 6.7%. There is also scope to increase the annual rental income to approximately £103,020, enhancing the potential gross yield to around 7.4%.
The development benefits from secure underground parking, complemented by an additional on-site car park providing approximately 20 parking spaces, adding further convenience and appeal for tenants.
Each apartment has been finished to a high standard, offering modern, well-designed accommodation that continues to attract strong tenant demand. Available as a leasehold investment, the portfolio represents a fully established asset with a proven rental income and opportunities for future growth.
For further information, please contact Magnum Properties on or email .
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