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£700,000
7 bedroom Mid Terrace House for sale, Durham, DH1
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Features and Description
- EPC Grade: C
- Council Tax Band: G
- Student Let rented out for over £55,000 pa
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- 7 bedrooms
- Potential investment yield of 8%
Fantastic opportunity to purchase a 7 bedrooms Student Property in Durham City. Centrally located, close to the University and the main city centre. Fully let for next academic year at a gross rent of £48,000 per year. Call now to find out more.
EPC Grade: C
Council Tax Band: G
Set in the centre of Durham this 7 Bedroom student property is let for the next academic year 2023-2024 at OVER £55,000. The property is within walking distance of the university and local nightlife as well as a range of cafes and eatery's through and underground walkway to the A690 which itself leads to the A1M trunk road and Teesside to the east and further west into the outskirts of county Durham.
The property briefly consists of 7 bedrooms complete with two bathrooms and two separate toilets a lounge a kitchen and a utility area. to the rear there is a good sized garden which has been well maintained by the current owners. The property benefits from gas central heating.
Due to its central location the property lets incredibly well and offers at investment yield upwards of 8%
For further information please call on 01913841222.
Additional Information
UPRN 100110738104Floor Area 1,959 ft2/ 182 m2Plot Size 0.07 acresLocal Authority DurhamConservation AreaDurham CityCouncil Tax Band Band GFlood RiskCouncil Tax Estimate £4,052Year Built 1900-1929Rivers & Seas No RiskSurface Water Very Low
Agents Notes
HMRC is a supervisory body for money laundering regulations, of which all estate agents need to be registered with. As part of this, there are multiple requirements that agents must rigorously and consistently meet to ensure they stay compliant with the regulations and protect their clients. To do this, we use an identity verification service, approved by the Government as part of the Digital Identity and Attributes Trust Framework (DIATF). This method and the process we follow to ensure compliance for your transaction come with significant time, financial and legal implications hence a portion of this is passed on to our clients. We elected for this verification process due to the speed, certainty, and accuracy it delivers. This helps us to protect all our client's interests by using the most advanced verification process to help prevent the impacts of money laundering alongside our internal manual policies and procedures while staying compliant with HMRC.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Ravensworth Terrace, Durham, DH1
Additional Information
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Property refDCI230453
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EPCD
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TenureFreehold
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Council TaxG
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Local authorityDurham County Council
Reeds Rains Estate Agents Durham City
Reeds Rains Estate Agents Durham City
Reeds Rains Durham City
81- 83 New Elvet, Durham, DH1 3AQ
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
Disabled access available
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Borrowing £630,000 and repaying over 25 years with a 2.5% interest rate.
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