Property description
Four bed student investment generating a net yield of 9.1%, fully let until June 2016
Located on Wakenshaw Road, a street with a mixture of residential and student properties. The property is fully let until June 2016 bringing in a net rent of £11,938.68 p.a.
The location of the property ensures that student tenants are only around a twenty minute walk from Elvet Riverside lecture rooms, whilst only a short walk from the amenities in Gilesgate, including Sainsburys Local which is approximately a five minute walk from the property.
The property comprises on the ground floor, a large living area, kitchen and single bedroom. The current landlords offer this bedroom as a spare room or it can be occupied with the rent then being shared between the group as a three or a group of four. The first floor has the remaining three bedrooms with a bathroom and separate WC. The property is an end terrace and has the benefit of a driveway and outbuilding to the side, externally to the rear, there is generously sized yard.
The property remains very popular with students, especially the post graduate community. Viewings can be arranged through Elvet Estates by calling 0191 375 7000 or emailing durham@elvetestates.co.uk
Property Features :
- Student Investment Property
- Located in Gilesgate
- Four Bedrooms
- Fully Let Until June 2016
- Close to Amenities