Property description
A great investment opportunity, approximately a twenty minute walk from Elvet Riverside, Durham University.
The property is currently let, to students, until June 2017 and offers an investor a fantastic opportunity to transform this house into a student let. The gross rent (including utilities) is £16,120 p.a. which is a gross rental yield of 9.7%
The property has good-sized rooms and in particular, fantastic sized communal areas in the property. There are four bedrooms which include three double rooms and one single bedrooms. The property is well serviced by bus routes to the city centre and is well located for amenities including Sainsburys Local and Tesco Extra.
With the property being continuously let to students for a considerable number of years, this property ensures a investor can purchase the property without the new requirement for planning permission to convert the property from a C3 to C4 property under the new Article 4 Direction in Durham since September 2016.
To arrange a viewing or for more information on this property, please do not hesitate to contact our expert team on 0191 375 7000.
Property Features :
- 4 Bedrooms
- 9.7% yield
- Separate Dinning Room; kitchen with dishwasher!
- Great Investment Opportunity
- Leather sofas and Large TV