Property description
SIX BED STUDENT PROPERTY, LOCATED IN THE VIADUCT OFFERING A 6.4% YIELD.
This licenced HMO has six double bedrooms located over three storeys and is a luxurious student investment for those looking for a prime location within the Durham student housing market. The finish is a very high standard and this is an investment that requires no immediate capital expenditure to get the most from this asset.
The property is currently let until 30th June 2016 at £ 34,320 p.a. net, which is a yield of 6.4%, this rent is lower than the rent achieved between 2013 and 2015 due to improvements carried out by the vendor this summer. The property does have history of being let at yield of 6.99% (£ 37,440 p.a net) that the landlord will be looking to achieve again for 2016/2017.
The property comprises on the ground floor, a large living room, a double bedroom and at a lower level to a luxurious kitchen, which makes the property very popular with students year after year. On the first floor, there are four double bedrooms, a bathroom and a shower room whilst the second floor contains the sixth double bedroom.
The property is located in the sought after student investment area of The Viaduct. Close to the city centre and approximately a 15 - 20 minute walk from the Mountjoy Centre and University facilities.
Viewings can be arranged by calling Elvet Estates on 0191 375 7000
Property Features :
- Viaduct Location
- Six Double Bedrooms
- No Capital Expenditure
- Skype Viewings Available
- Fully Let until June 2016