5 bed block of flats for sale

Durham Road, Chilton, County Durham DL17

Excellent investment opportunity! A block of four independent apartments in the village of Chilton which is located approximately 9 miles south of Durham City and is just five miles from the A1m. The freehold property is split into four, self-contained apartments (two ground floor, two first floor) three of which are currently let on periodic tenancies. 23a is a one bedroom, ground floor apartment with a rent of £375pcm. 23b is a first floor apartment with one bedroom and is currently vacant. 24a is a one bedroom ground floor apartment which is vacant and would attract a monthly rent of £425. 24B is a one bedroom first floor apartment which is currently vacant and would also attract a monthly rent of £425. Each of the apartments has a large, open plan living room and kitchen area, a double bedroom and a bathroom. 24a also has a good-sized, additional room to the rear which has a door to a rear yard area with timber decking. Viewing is strongly recommended on this rare to the market, investment opportunity.

23A - Ground Floor Apartment

Currently let on A periodic tenancy with A rent of £375PCM

The accommodation has a total floor area of 33 square metres (355 square feet) and consists of -

A large, open plan lounge/dining area
A modern kitchen
One double bedroom
A bathroom

23B - First Floor Apartment

A beautifully presented first floor apartment which is let until the 6th of April 2025 at A rent of £415PCM.

The accommodation has a total floor area of 44 square metres (474 square feet) and consist of -
A ground floor entrance hall
A large open plan lounge/dining area
A modern kitchen
A double bedroom with fitted wardrobes
A modern bathroom

24A - Ground Floor Apartment

A well presented, two bedroom apartment which is currently let until June 2025 at A rent of £350PCM.

The accommodation has a total floor area of 42 square metres (452 square feet) and consists of -

A large, open plan lounge/dining/kitchen area
Two bedrooms
A modern bathroom

24B - First Floor Apartment

Currently vacant - A two bedroom apartment with an expected rent of £425PCM

The accommodation has a total floor area of 54 square metres (581 square feet) and consists of -

A ground floor entrance
A large, open plan lounge/dining/kitchen area
Two bedrooms (one with fitted wardrobes)
A modern bathroom

Tenure

We have been advised that the tenure of this property is freehold. This will be confirmed by a solicitor upon instruction of a sale.