£900,000
Property for sale157 East Mount Road, Darlington DL1
EPC Rating: C
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About this property
Magnum Properties are delighted to present Quincey House, an exceptional opportunity to acquire a fully let, income-producing residential investment in the highly sought-after town of Darlington. Comprising 12 one-bedroom apartments, this high-quality development offers an attractive combination of immediate rental income, strong tenant demand, and excellent long-term investment potential.
Offered at an asking price of £900,000, the property currently generates an annual rental income of £72,000, reflecting an attractive gross yield of 8.0%. There is also scope to increase the rental income further, providing investors with the opportunity to enhance future returns through proactive asset management.
The development benefits from secure underground parking, adding further convenience and appeal for residents while enhancing the overall desirability of the investment.
Each of the 12 one-bedroom apartments has been finished to a very high specification, offering modern, stylish accommodation that continues to attract strong tenant demand. The development represents a fully established investment with a proven rental income and the potential for continued capital and rental growth.
Prime Investment Location
Situated within one of the North East's fastest-growing residential markets, Darlington continues to benefit from significant regeneration, major infrastructure investment, and the establishment of the Treasury North campus. Ongoing inward investment, increasing employment opportunities, and sustained demand for quality rental accommodation have positioned the town as an increasingly attractive destination for residential investors.
For further information, please contact Magnum Properties on or email .
Offered at an asking price of £900,000, the property currently generates an annual rental income of £72,000, reflecting an attractive gross yield of 8.0%. There is also scope to increase the rental income further, providing investors with the opportunity to enhance future returns through proactive asset management.
The development benefits from secure underground parking, adding further convenience and appeal for residents while enhancing the overall desirability of the investment.
Each of the 12 one-bedroom apartments has been finished to a very high specification, offering modern, stylish accommodation that continues to attract strong tenant demand. The development represents a fully established investment with a proven rental income and the potential for continued capital and rental growth.
Prime Investment Location
Situated within one of the North East's fastest-growing residential markets, Darlington continues to benefit from significant regeneration, major infrastructure investment, and the establishment of the Treasury North campus. Ongoing inward investment, increasing employment opportunities, and sustained demand for quality rental accommodation have positioned the town as an increasingly attractive destination for residential investors.
For further information, please contact Magnum Properties on or email .
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