New Street, Durham, County Durham, DH1
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
1
- SIZE
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- TENUREDescribes 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
- £27,000 RENT PER ANNUM
- CONTRACT EXLUDES BILLS
- 8% YIELD
- POPULAR CITY CENTRE LOCATION
- WALKING DISTANCE TO THE UNIVERSITY, TRAIN STATION AND AMENITIES
- VIEWING BY APPOINTMENT ONLY
Description
This exceptional investment opportunity is perfect for investors seeking a high-yield property in the heart of Durham. The property, currently let for £27,000 per annum excluding bills, offers an impressive yield of 8%. According to the Vendors, they have secured bookings from 1st July 2024 until June 2025.and have secured bookings for 2025-2026 let for £28,000 per annum excluding bills.
The property is ideally located in the vibrant Viaduct area of Durham City and provides spacious accommodation across two floors.
The layout includes a ground-floor bedroom accessible from the hallway, lounge/diner and kitchen at the rear.
On the first floor, there are two further bedrooms and a bathroom.
The property, of freehold tenure, located in the Viaduct and is just a short walk from the city's amenities, bus station, and East Coast mainline railway station, offering tenants convenient access to travel.
This three-bedroom property is a prime investment in one of Durham's most sought-after locations.
- 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: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
New Street, Durham, County Durham, DH1
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About 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 the A1 corridor
Dowen is a full service estate agency, offering a wide range of property related services
The residential sales department has sold, tens of thousands of properties over the years, in all price ranges
Dowen was a founding member of The Great North Property Auction, which has now exceeded thousands of sales, since inception in 2012
The lettings department has hundreds of homes under management
Private surveys and EPC's are provided to both corporate and private clients, via our panel of independent surveyors
Conveyancing at competitive rates, is offered via a panel of local solicitors
Mortgages can be arranged, via our panel of independent mortgage brokers
We subscribe to the National Associations of Estate Agents and the Ombudsman For Estate Agents and as such abide by the strict code of good estate agency practice, laid down by these organisations
All photography of individual properties on this website and copies of such photography, uploaded by Dowen Estate Agents to commercial websites, remains the intellectual property of Dowen Estate Agents.
YOUR NEXT MOVE SHOULD BE TO CALL DOWEN DURHAMSituated in the very busy Old Elvet, in the heart of the historic city, Dowen Durham branch has served it and its environs for well over a decade. We are one of Durham's longest established estate agents.
Step inside and you'll find a team of friendly, motivated property professionals who will be more than delighted to help you buy or rent your next home or likewise sell or let your current property.
The branch also represents The Great North Property Auction so if you would like to try for a quick sale at auction..... contact us the region's best selling agent at The Great North Property Auction.
If you are ready to sell, auction or let your property.....or stuck with another agent going nowhere.... your next move should be to ask for a FREE VALUATION from Dowen Durham
Simply call in or phone us on 0191-3757599.... we will be delighted to be of assistance to you
WE'RE SELLING & LETTING HOUSES...... Let's Make Yours The Next
THE GREAT NORTH PROPERTY AUCTION : DURHAMDowen was one of the 3 estate agents which founded the Great North Property Auction in tandem with auctioneers IAM-SOLD at the end of 2012. From the day of launch, it has been a runaway success with over 2500 properties now sold.
We now have 3 bespoke Great North Property Auction stores in Sunderland, Peterlee and Hartlepool, whilst all our other branches are set up and equipped to offer properties via auction.
If you are looking for a alternative way to sell your property in the Durham area with no estate agency fees to pay, contact us on 0191-3757599 for a free auction valuation and advice on how best to offer your property for sale at The Great North Property Auction.
WE SUCESSFULLY AUCTION PROPERTIES..... Let's Make Yours The Next
Picture shows our Sunderland - Great North Property Auction
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Visit our security centre to find out moreDisclaimer - Property reference 10539775. 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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