No longer on the market
This property is no longer on the market
Floorplan
Map5 bedroom terraced house
Sold STC
Terraced house
5 beds
2 baths
1603
EPC rating: E
Key information
Tenure: Freehold
Council tax: Band C
Broadband: Ultra-fast 9000Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- HMO (House of Multiple Occupancy) licence to June 2023
- 5 Bed/sitting rooms
- Each Bed/sitting room has been let for £80 per week
- Healthy potential rental yield
- Very convenient central location
This is an ideal opportunity for the property investor. The property has the potential to have 5 letting bedrooms and could be let as an HMO (House of Multiple Occupancy) and it is licenced until June 2023.
Each bedroom has previously been let for £80.00 per week which would generate an income of £20,800 at full occupancy, this equates to a potential yield of 10.45% at the full asking price.
The accommodation briefly comprises on the ground floor; entrance lobby, entrance hallway, bed/sitting room 1 with bay window, bed/sitting room 2, kitchen, shower room/w.c., and a utility room. To the first floor there are a further two bed/sitting rooms, a kitchen and a shower room/w.c. To the second floor thee is a fifth bed/sitting room. There is also a useful cellar.
Victoria Road is centrally located close to the railway station, it has recently undergone a regeneration scheme which has seen significant improvement with further improvement and redevelopment earmarked for the near future which includes significant work to the railway station and the surrounding area.
COUNCIL TAX BAND: C
Each bedroom has previously been let for £80.00 per week which would generate an income of £20,800 at full occupancy, this equates to a potential yield of 10.45% at the full asking price.
The accommodation briefly comprises on the ground floor; entrance lobby, entrance hallway, bed/sitting room 1 with bay window, bed/sitting room 2, kitchen, shower room/w.c., and a utility room. To the first floor there are a further two bed/sitting rooms, a kitchen and a shower room/w.c. To the second floor thee is a fifth bed/sitting room. There is also a useful cellar.
Victoria Road is centrally located close to the railway station, it has recently undergone a regeneration scheme which has seen significant improvement with further improvement and redevelopment earmarked for the near future which includes significant work to the railway station and the surrounding area.
COUNCIL TAX BAND: C
About this agent
JW Wood are award winning independent Estate Agents who have been serving County Durham for over 100 years. With six offices across the county, our expert professional staff are on hand to help with any of your property needs. We offer a comprehensive service in all property matters, including Sales, Lettings, Auctions, Commercial properties, Professional Surveys & Valuations, Conveyancing, Independent Mortgages, Relocation Services and Removals. Whatever your property needs, JW Wood have the knowledge and experience to meet your requirements. We continuously improve, invest and innovate to offer our customers the best possible service from a modern estate agency. We are a traditional a family based company founded in 1910 but we take a very modern approach to our business using cutting edge technology backed up by experienced, well trained staff. Our residential sales team in our Durham Office alone have over 200 years combined experience between them! Regulated by the Royal Institution of Charted Surveyors we are dedicated to highest standards in customer service, and we are delighted that many of our clients return to us, or recommend us to their friends, as a result of the service they received. We aim to be Number one in County Durham and Darlington and recently were awarded North East Agent of the year 2014 by Relocation Agent Network.