Property description
Elvet Estates are proud to bring this luxurious investment property located on Browney Lane in Durham. The property has eleven bedrooms bringing in an annual rent of £54,340 per annum from young professionals and students. The property was built as a large family home and recently converted to a rental property but still retains many of the lavish features that would ensure that converting it back to a family home would be achievable and rewarding. Large double baths, a koi carp pond and sauna are just some of the features that this property has to offer.The current owners have successfully taped into the letting market, achieving a fantastic annual rent of £54,340 and their meticulous management has ensured that the property remains of an exceptionally high standard.The house is situated over three floors, with all bedrooms on the ground floor benefiting from en suites, with a very large living room and kitchen on the ground floor also. The ground floor does operate as a separate dwelling which would be well suited to a group of tenants with the first floor and second floor comprising of a second dwelling with another living room and kitchen located on the first floor.The house also has a large car park located at the entrance which could offer a purchaser some area for development should they wish to explore this possibility.This property offers an investor a rare opportunity to get in excess of a 10% return on their money and a well maintained luxury property. It also offers a family a luxury development opportunity well located to the A167 and Durham City.Viewings of this magnificent property can be booked by calling 0191 375 7000
Property Features :
- Investment Opportunity
- £54,340 p.a. income
- 10.8% Yield
- Eleven Bedrooms
- Three Floors