This property is no longer on the market
6 bedroom terraced house
Key information
Property description & features
- INVESTOR OPPORTUNITY
- CURRENT STUDENT HMO HOUSE
- RENTAL INCOME £40,000+ PCY
- SUPERB DURHAM CITY LOCATION
- NO ONWARD CHAIN
- CITY LOCATION
- SPACIOUS PROPERTY
- EPC RATING - D
Discover an exceptional opportunity in the heart of Durham City centre, introducing a remarkable student residence situated in the coveted Viaduct area. This property stands out not only for its prime location but also for its HMO license for 6 occupants, with a promising potential for expansion. Boasting the sought-after HMO license, the property offers a unique proposition for investors seeking substantial returns.
Currently, this outstanding student home is tenanted for the upcoming academic year, generating an annual income of approximately £43,000. This is further complemented by a rental agreement for the ongoing academic year. The property's impressive earning potential is indicative of its consistently strong yield, attributed to its prime city centre location and the expansive living spaces that it provides, including separate living and dining rooms as well as an inviting garden.A rarity in the market, this substantial student dwelling is nestled within one of Durham City centre's most desirable student neighbourhoods. Its strategic location ensures accessibility to all that the city centre has to offer, enhancing its allure to both residents and investors.
The house features an excellent floor plan designed to accommodate the needs of its occupants. Upon entering through the entrance vestibule, you're welcomed into a spacious reception hall. The kitchen, living room, and separate dining room provide versatile living spaces that cater to various aspects of student life. The property's charm extends outdoors to a garden, offering a serene backdrop for relaxation.
The residence unfolds further with a well-conceived layout. The first floor encompasses three bedrooms, a shower room, and a bathroom/WC. Continuing to the top floor, three more rooms offer ample space for comfortable living.
Don't miss out on this rare opportunity to own a student property that not only holds a sought-after HMO license but also promises substantial returns. To delve deeper into the details of this exceptional property on Laburnum Avenue, we invite you to contact Dowen Estate Agents' Durham office at[use Contact Agent Button]. Seize the chance to invest in a residence that embodies both prime location and promising income potential. Currently let at £185.00 per week per student excluding bills.
Rooms
ENTRANCE VESTIBULE
RECEPTION HALLWAY
LIVING ROOM
4.4958m x 4.5466m - 14'9" x 14'11"<br />
DINING ROOM
3.7592m x 3.8354m - 12'4" x 12'7"<br />
KITCHEN
4.6482m x 2.2352m - 15'3" x 7'4"<br />
FIRST FLOOR LANDING
SHOWER ROOM
BATHROOM
BEDROOM ONE
3.9116m x 3.8608m - 12'10" x 12'8"<br />
BEDROOM TWO
3.9116m x 3.9624m - 12'10" x 13'0"<br />
BEDROOM THREE
2.5908m x 2.159m - 8'6" x 7'1"<br />
TOP FLOOR LANDING
BEDROOM FOUR
3.4544m x 2.2352m - 11'4" x 7'4"<br />
BEDROOM FIVE
2.3368m x 2.4384m - 7'8" x 8'0"<br />
BEDROOM SIX
2.3368m x 2.4384m - 7'8" x 8'0"<br />
EXTERNAL
TENURE
The property is believed to be sold on a FREEHOLD basis.
COUNCIL TAX BAND
COUNCIL TAX BAND: D (APPROX £2203 PER YEAR 2022/2023).
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Property reference 10279298. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Dowen - Durham.
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Broadband availability and predicted speed: obtained from Ofcom on August 2, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on August 2, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on October 12, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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