2 bed end terrace house for sale

Otley Terrace, Darlington DL3

Freehold End-Terrace Investment | Converted into 2 x 1-Bedroom Flats | Darlington DL3

National Residential are pleased to present this end-terrace property converted into two self-contained one-bedroom flats, each with its own private entrance, situated in a well-established residential area of Darlington.
The property offers a ready-made multi-unit investment opportunity with separate living accommodation arranged over ground and upper levels.

Key Features
* End-terrace property split into 2 self-contained flats
* Ground floor and first-floor one-bedroom units
* Each flat with its own entrance and ensuite facilities
* Freehold title
* Rear yard and on-street parking
* Strong rental investment potential
* Tenure: Freehold
* Council Tax: Both flats band A

Investment & Financials
* Current rental income: £420 pcm (1st floor flat let only)
* Previous rental income (both flats occupied): £810 pcm
* Projected annual income: £9,720
* Estimated gross yield: Approx. 11.4% based on full occupancy
The setup provides an opportunity to increase income by letting the vacant ground floor flat, making it suitable for investors seeking a dual-income asset from a single freehold title.

Property Overview
Ground Floor Flat
Accessed via its own side entrance, the accommodation comprises a living room, kitchen, double bedroom and separate ensuite shower room.
First Floor Flat
The upper flat provides a living room, kitchen and double bedroom with ensuite shower room.
External
To the rear is an enclosed yard space, with on-street parking available to the front.

Location & Area
Otley Terrace sits within a popular residential area of Darlington, offering convenient access to everyday amenities and transport links.
* Close to Darlington town centre with a wide range of shops, cafes and services
* Nearby supermarkets and local convenience stores
* Access to schools, healthcare facilities and leisure amenities
* Good road connectivity via the A167 and A66
* Darlington railway station within easy reach, providing links to Newcastle, York and London
Darlington continues to see steady demand from both tenants and buyers, making it a practical location for long-term investment and rental income.

Investment Appeal
The configuration as two self-contained units provides flexibility for investors seeking dual rental income from a single freehold asset, with low council tax bands and straightforward layouts appealing to tenants.

Arrange a Viewing
Please watch our video tour for a closer look at the property. Viewings are highly recommended.
For further information and to arrange a viewing, please don't hesitate to call and speak to our dedicated specialist sales advisor. Your future home or investment opportunity awaits - schedule your viewing today!

This property is only available for purchasers who are not in a chain.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.