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8 bedroom property for sale

Marshall Terrace, Gilesgate

Sold by Us £350,000

Property Description

Key features

  • Student Investment Opportunity
  • Eight Single Bedsits
  • Each Bedsit Comprises of Main Living/Sleeping Space with Kitchen and Ensuite Shower Room
  • Within Walking Distance to Durham City Centre
  • Currently Let
  • Energy Rating E

Full description

The clients have converted this historic family home into a profitable student investment property. The property currently consists of 8 single bedrooms which all have the benefit of an open plan room for bedroom, living and kitchen facilities together with an ensuite shower room.

The property is currently let and achieving a rental income of £34,000 per annum and have tenants currently in place until September 2016. The client has also secured tenants for the next academic year achieving a rental income of £38,000.

Externally there is a shared parking to the rear of the property accessed via double gates from the main road. There are 4 parking spaces available. Also there is great scope for development at the rear of the property and plans have been drawn up, these can be seen upon request.

The location of the property is second to none and proves very popular to students due to its close proximity to Durham University. The property is also within walking distance to the city centre itself and also benefits from local shopping facilities in close proximity.

Gilesgate is a popular village just a few minutes walking distance of the market place, city shops, recreational facilities and amenities. For commuting purposes the property is well placed for access to the A(690) Highway, the A1(M) Motorway and A(19) Highway providing excellent road links to other parts of the region. Also the main line railway station is within walking distance. 

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
07 December 2015


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