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Agent details

This property is listed with:
Elvet Estates
85 New Elvet, Durham
Telephone:
03303 300999
 

Full Details for 5 Bedroom Terraced for sale in Durham, DH1 :

VIADUCT LOCATION, STUDENT INVESTMENT, GROSS YIELD OF 8.34%, HMO, RENTAL OF £31,285.76 P.A.

This is a rare opportunity to purchase a student investment on Flass Street which will not be effected by the new Article 4 Direction which comes into force in September 2016. The gross rent is currently £31,285.76 p.a.

This four storey HMO consists of five double bedrooms, two bathrooms, a large living room, kitchen and yard to the rear.

The lower ground floor has a double bedroom which has been fully damp proofed to ensure full use of the room is achieved, the window is also fully compliant with HMO regulations as an escape window to assist with future HMO applications. The ground floor has a large living room off the entrance hallway, a large double bedroom and the kitchen. To the first floor there are two large double bedrooms and a bathroom that has a separate bath and shower cubicle. The second floor has the final double bedroom and a separate shower room. Residents of the property are able to apply for a car parking permit to park at the front of the property, in the parking bays.

The property is currently fully tenanted until June 2017 and is managed by Bill Free Homes to ensure the highest possible rent is achieved for the property, year on year. The property has a strong history of no voids, due to the condition of the property and its location. Bill Free Homes also offer a guaranteed rent scheme on this property to safeguard your investment for up to six years.

Viewings can be arranged by calling Elvet Estates on 0191 375 7000


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House Prices for houses sold in DH1 4BE

Stations Nearby

Chester-le-Street
5.3 miles
Durham
0.2 miles
Bishop Auckland
9.1 miles

Schools Nearby

Durham Trinity School
0.8 miles
Durham School
0.5 miles
Durham High School for Girls
1.5 miles
The Chorister School
0.5 miles
Neville's Cross Primary School
0.6 miles
St Margaret's Church of England Primary School
0.4 miles
New College Durham
1.3 miles
St Leonard's Roman Catholic Voluntary Aided Comprehensive School
0.5 miles
Durham Johnston Comprehensive School
0.4 miles