Sharp Crescent, Durham, DH1

*Investment Opportunity - 4 Bedroom Student Accommodation - Rental Yield 2024/25 = £29,000*

A well-presented semi-detached property offering spacious and versatile accommodation. The property offers an excellent investment opportunity in Durham, having had a popular long-term investment history over the last 15 years for student letting - undergrad/post grad/PhD. The property benefits from no council tax for students, and students/tenants are responsible for bills. In the period of 2024/25 the property had a £29,000 rental yield (over 11% yield), and in previous years generated the following:

-22/23 £25000+

-23/24 £27000+

-24/25 £29000+

INTERNAL:

Entrance Porch - The front uPVC double glazed entrance door opens to the porch, with a further uPVC double glazed door to the hall.

Hall - With a side aspect double glazed window, a set of carpeted stairs to the first floor landing, wood laminate flooring, a radiator and doors to the lounge and the kitchen.

Lounge - Offering generous space for furniture with a front aspect double glazed window, wood laminate flooring, a feature fireplace housing an electric fire with a decorative inset, surround and hearth, a radiator and a door to:

Bedroom Four/Office -  Ideal for use as a double sized bedroom, office or snug with a rear aspect double glazed window, wood laminate flooring and a radiator.

Kitchen - Fitted with a range of wall and base units with complementing worktops, an inset one and a half stainless steel sink basin with a drainer and mixer tap, space and plumbing for a set of appliances, a rear aspect double glazed window, wood effect vinyl flooring, aqua boarded splashbacks and doors to the dining room and the rear lobby.

Dining Room - Converted room which was formerly a garage, providing space for a good sized table and chairs and for storage/ornamental furniture with a front aspect double glazed window, wood effect vinyl flooring and a radiator.

Rear Lobby - With a door to the WC and a UPVC double glazed door to the side elevation leading out to the rear garden.

WC - Comprising a push-button WC with a rear aspect double glazed window, wood effect vinyl flooring and aqua boarded walls.

First Floor Landing - With a side aspect double glazed window, carpeted flooring, a loft hatch and doors to the bedrooms and the bathroom.

Bedroom One - Large double sized bedroom with a front aspect double glazed window, carpeted flooring, a radiator and a built-in wardrobe/cupboard.

Bedroom Two - Double sized bedroom with a rear aspect double glazed window, carpeted flooring, a radiator and two built-in wardrobes/cupboards.

Bedroom Three - Single sized bedroom with a front aspect double glazed window, carpeted flooring, a radiator, a built-in cupboard and a recessed space beside ideal for a desk/dressing table.

Bathroom -  Comprising a push-button WC, a wash hand basin, a panelled bath with an overhead electric shower, a frosted rear aspect double glazed window, vinyl flooring, tiled lower walls and splashbacks and a radiator.

EXTERNAL:

To the front is a gravelled driveway providing off-road parking for three to four cars with wooden fencing and shrubs, and to the rear is a lawned garden enclosed with wooden fencing to the perimeter.

ADDITIONAL INFORMATION:

Council Tax Band: B

Local Authority: Durham

Early viewing is highly recommended due to the property being realistically priced.

Disclaimer:

These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.

TENURE

To be confirmed by the Vendor’s Solicitors

POSSESSION

Vacant possession upon completion

VIEWING

Viewing strictly by appointment through The Express Estate Agency