3 bedroom terraced house for saleBradford Crescent, Durham
- Currently Fully Let
- Potential Student Let
- Great Location
- Close to Amenities
- Large Rear Garden
- Potential for Four Bedrooms
INVESTMENT OPPORTUNITY, FULLY LET UNTIL JUNE 2017, POTENTIAL TO INCREASE RENT TO A 11.5% YIELD, GOOD STUDENT PROPERTY LOCATION
The property is currently let privately until June 2017, achieving a rent of £7368.00 p.a. The property has the scope to be easily converted to a four bed student property for the academic year 2016/17 and in our opinion, should bring in a rent of in excess of £15,000 p.a. Achieving this increase in rent would bring an investor an approximate yield of 11.5%. Our lettings team can work with an investor to ensure they can achieve rent in this region.
Any capital expenditure to convert this property into a student property would solely by for cosmetic items and furniture; no building works are required to get the full use of the property as an investment asset.
The location of the property ensures that student tenants are only around a twenty minute walk from Elvet Riverside lecture rooms, whilst only a short walk from the amenities in Gilesgate, including Sainsburys Local which is approximately a five minute walk from the property.
The property currently comprises on the ground floor, a large living room, kitchen and a dining room (which would become a fourth bedroom if converted). On the first floor, there are three bedrooms and a bathroom. Externally there is a large rear garden.
Viewings can be arranged via Elvet Estates by calling 0191 375 7000 or by emailing firstname.lastname@example.org .
More information from this agent
To view this media, please visit the on-line version of this page at www.rightmove.co.uk/property-for-sale/property-40963266.html
Map & Street View
Street View is unavailable in this location
Disclaimer - Property reference 5964283. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Elvet Estates, Durham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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.
* The speed displayed is the maximum broadband speed package available on comparethemarket.com. These may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by Decision Technologies Limited.
Map data ©OpenStreetMap contributors.