3 Bedroom Terraced for sale in Durham, DH1
New Street, Durham, DH1£225,000
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Full Details for 3 Bedroom Terraced for sale in Durham, DH1 :
Student Investment Property located in the popular Viaduct Area, offering a yield of 6.56%
The property is currently has currently, three bedrooms and is fully let until June 2016 at a rent of £14,768
Student investment properties located in the very popular Viaduct area rarely come to the market and when they do, demand is high and we expect high interest in this property also.
The property comprises, on the ground floor of a living room, single bedroom (which can fit a 4ft bed) an the kitchen. The first floor has two large double bedrooms and a large shower room.Externally to the rear, there is an out building located in the yard.
This investment offers an opportunity to an investor to increase the number of bedrooms by an arctic conversion and/or an extension to the rear of the property, which would bring in the property in line with many others in the street.
Using comparable rental income that we have achieved on this street and surrounding streets, a five bed student property, finished to a high standard could bring in a rent of around £26,000 p.a.
To arrange a viewing, please call 0191 375 7000 or email elvet@elvetestates.co.uk
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House Prices for houses sold in DH1 4DH
Stations Nearby
- Chester-le-Street
- 5.4 miles
- Durham
- 0.2 miles
- Bishop Auckland
- 9.1 miles
Schools Nearby
- Durham Trinity School
- 0.8 miles
- Durham School
- 0.4 miles
- Durham High School for Girls
- 1.4 miles
- St Oswald's C.E. (Controlled) Infant School
- 0.6 miles
- The Chorister School
- 0.3 miles
- St Margaret's Church of England Primary School
- 0.4 miles
- St Leonard's Roman Catholic Voluntary Aided Comprehensive School
- 0.5 miles
- Durham Johnston Comprehensive School
- 0.6 miles
- Durham Gilesgate Sports College and Sixth Form Centre
- 1.4 miles
