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 for one year until June 2025.
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.
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New Street, Durham, County Durham, DH1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Durham Station0.2 miles
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
Industry affiliations
Notes
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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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