Get brand editions for Elvet Estates, Durham

12 bedroom detached house for sale

The Old Methodist Chapel, Ernest Place

£560,000

Property Description

Key features

  • 10.59% Gross Yield
  • Student Investment
  • Twelve Bedrooms
  • Two Flats
  • Ideally Located

Full description

12 Bedroom Student Accommodation, Two Flats, Next to Rennys Lane Development, Former Methodist Chapel, 10.59% Gross Yield

This property offers twelve students rooms split into two flats of six rooms located on each of the two floors. Each flat shares the same blueprint to ensure the communal areas are not located above bedrooms. There are six bedrooms on each floor all currently with doubles beds and with a minimum size of 8.3 square metres. The large living rooms and large kitchen space ensures these flats remain popular year on year with the student community.

The property has been continuously let since its redevelopment from office space to student accommodation in 2006 and is currently let until 30th June 2018 generating a gross rent of £59,280 equating to a gross yield of 10.59%.

Ideally located next to Tesco Extra and the new Rennys Lane student development, ensuring student amenities are within walking distance. The property will also benefit from the new student only bus service operating from Rennys Lane to the Mountjoy Centre at the University.

A video walkthrough is available upon request by email to elvet@elvetestates.co.uk. Viewings can be arranged by calling Elvet Estates on 0191 375 7000


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
20 December 2016

Nearest station

  • Durham (1.5 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Elvet Estates, Durham

85 New Elvet, Durham, DH1 3AQ

0191 687 0115 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Elvet Estates, Durham

85 New Elvet, Durham, DH1 3AQ

0191 687 0115 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Durham (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Elvet Estates, Durham

85 New Elvet, Durham, DH1 3AQ

0191 687 0115 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7176729. 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.

Map data OpenStreetMap contributors.