House For Sale £1,095,000
This fantastic investment opportunity is located on one of the most desirable streets in the centre of Durham City, ideally placed to take advantage of the plethora of amenities the city has to offer. 14 Old Elvet is within minutes walk to the University, train station and multiple choices of hotels, bars and restaurants, as well as being less than 2 miles away from the A1(M) North and South.
The property has a full HMO licence and is fully compliant with all safety legislation. The Grade II listed building comprises of 11 ensuite bedrooms over three floors, two of which are self-contained studios with kitchens. There is a communal kitchen and lounge, along with a laundry room housing two washing machines and two tumble dryers. The kitchen has two ovens, two hobs, two fridge/freezers and comes with crockery, cutlery and cookware. Externally there is a small yard to the rear. The property is served by a combination gas central heating boiler which was installed in June 2019.
Currently fully occupied by international students until 30/06/2022 with a current rental income of £74,000 per annum over 10 months. This gives a yield of 6.8% at asking price, with the potential to increase above 7%.
For further information please contact Connor Wilson at our Durham City office on .
EPC Rating C
Ground Floor
Entrance Hall
Laundry Room
Bedroom One With Ensuite
Bedroom One Ensuite
Bedroom Two With Ensuite
Bedroom Three With Ensuite
Bedroom Ten With Ensuite And Kitchen
Bedroom Ten Ensuite
Bedroom Ten Kitchen
First Floor
Communal Lounge
Communal Kitchen
Bedroom Four With Ensuite
Bedroom Five With Ensuite
Bedroom Five Ensuite
Bedroom Eleven With Ensuite And Kitchen
Second Floor
Bedroom Six With Ensuite
Bedroom Six Ensuite
Bedroom Seven With Ensuite
Bedroom Seven Ensuite
Bedroom Eight With Ensuite
Bedroom Eight Ensuite
Bedroom Nine With Ensuite
Bedroom Nine Ensuite
External
The property has a full HMO licence and is fully compliant with all safety legislation. The Grade II listed building comprises of 11 ensuite bedrooms over three floors, two of which are self-contained studios with kitchens. There is a communal kitchen and lounge, along with a laundry room housing two washing machines and two tumble dryers. The kitchen has two ovens, two hobs, two fridge/freezers and comes with crockery, cutlery and cookware. Externally there is a small yard to the rear. The property is served by a combination gas central heating boiler which was installed in June 2019.
Currently fully occupied by international students until 30/06/2022 with a current rental income of £74,000 per annum over 10 months. This gives a yield of 6.8% at asking price, with the potential to increase above 7%.
For further information please contact Connor Wilson at our Durham City office on .
EPC Rating C
Ground Floor
Entrance Hall
Laundry Room
Bedroom One With Ensuite
Bedroom One Ensuite
Bedroom Two With Ensuite
Bedroom Three With Ensuite
Bedroom Ten With Ensuite And Kitchen
Bedroom Ten Ensuite
Bedroom Ten Kitchen
First Floor
Communal Lounge
Communal Kitchen
Bedroom Four With Ensuite
Bedroom Five With Ensuite
Bedroom Five Ensuite
Bedroom Eleven With Ensuite And Kitchen
Second Floor
Bedroom Six With Ensuite
Bedroom Six Ensuite
Bedroom Seven With Ensuite
Bedroom Seven Ensuite
Bedroom Eight With Ensuite
Bedroom Eight Ensuite
Bedroom Nine With Ensuite
Bedroom Nine Ensuite
External
