Byerley Court, Shildon

NGU Homes are pleased to bring to the market this two bedroom ground floor flat on Byerley Court, Shildon, DL4, presenting an excellent opportunity for investors and first time buyers alike.

Investment Potential:

Based on the asking price and an achievable rental income of approximately £495 pcm, this property offers good potential for investors, with an approximate yield of 12%. With a fitted kitchen and low maintenance outdoor space, the property is a straightforward addition to any buy to let portfolio. It's equally well suited to first time buyers looking for an affordable place with its own private garden.

Management & Ground Rent:

The development is managed by Byerley Court Management Ltd, which is owned by the owners of the individual flats within the development. There is also no ground rent payable, offering an additional benefit for prospective purchasers.


Energy Efficient, EPC Rating C:

The property has an EPC rating of C, meaning lower energy bills for whoever lives here. It also already meets the proposed minimum standard for rental properties, so investors are unlikely to face costly energy improvements before letting.

Upon entering the property, the bathroom is positioned first. It comprises a bath with shower over, pedestal wash basin and WC, finished with waterproof wall panelling, a grab rail and a wall mounted storage cabinet.

To the right is the open plan kitchen and living area. The living area is a bright room, finished with wood effect laminate flooring, with French doors opening directly onto the private rear garden and filling the room with natural light.

The kitchen is fitted with a range of beech effect wall and base units with brushed steel handles, complemented by black worktops, white tiled splashbacks and a stainless steel sink positioned beneath a window. There is an integrated electric oven with a four ring electric hob and extractor hood above, space for a fridge freezer and further appliances, and wood effect flooring continuing through from the living area.

The two bedrooms are positioned straight ahead and to the left. The main bedroom is carpeted and neutrally decorated, while the second bedroom is a well proportioned single room, also carpeted, ideal as a child's bedroom, guest room or home office.

Externally, the property benefits from a private enclosed garden to the rear, laid with low maintenance gravel and a paved patio area directly outside the French doors, providing a pleasant space for outdoor seating. There is an allocated parking space for the property.

Council Tax Band: A (Durham County Council)
Tenure: Leasehold (999 years)
Service Charge: £20 per month
970 years remaining