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Laburnum Avenue, Durham City, Durham City, DH1

PROPERTY TYPE

Terraced

BEDROOMS

6

BATHROOMS

2

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key 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

Description

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 . 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.

ENTRANCE VESTIBULE

RECEPTION HALLWAY

LIVING ROOM

4.4958m x 4.5466m - 14'9" x 14'11"

DINING ROOM

3.7592m x 3.8354m - 12'4" x 12'7"

KITCHEN

4.6482m x 2.2352m - 15'3" x 7'4"

FIRST FLOOR LANDING

SHOWER ROOM

BATHROOM

BEDROOM ONE

3.9116m x 3.8608m - 12'10" x 12'8"

BEDROOM TWO

3.9116m x 3.9624m - 12'10" x 13'0"

BEDROOM THREE

2.5908m x 2.159m - 8'6" x 7'1"

TOP FLOOR LANDING

BEDROOM FOUR

3.4544m x 2.2352m - 11'4" x 7'4"

BEDROOM FIVE

2.3368m x 2.4384m - 7'8" x 8'0"

BEDROOM SIX

2.3368m x 2.4384m - 7'8" x 8'0"

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).

Energy Performance CertificatesA document confirming the energy efficiency rating of the property.Read more about epc in our glossary page.

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Band: D

Laburnum Avenue, Durham City, Durham City, DH1

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Durham Station0.4 miles
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About the agent

Dowen, Durham

3B, Old Elvet, Durham City, DH1 3HL

We are about delivering a remarkable 5 STAR ESTATE AGENCY SERVICE via a team of amazing property experts - people who are truly passionate about what they do

Dowen Estate Agents was founded in 1982, by Denis Dowen

In 2020 the company was acquired by long term employee's John Nicholson and Trudie Bowes

Over the years the firm has continued to evolve and now has 8 branches along with bespoke Auction Stores, offering coverage of mid North East England from the coast to t

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Disclaimer - Property reference 10279298. 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 Dowen, 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.

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