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4 bedroom semi-detached house for sale
Sharp Crescent, Durham, DH1
£210,000
Sharp Crescent, Durham, DH1
£210,000
Our Summary
- *Investment Opportunity - 4 Bedroom Student Accommodation - Rental Yield 2024/25 = £29,000*
- 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
- Excellent Investment Opportunity - Successful Student Let for 15 Years
- Garage Conversion - Currently Utilised as a Dining Room but Potential for 5th Bedroom
Description
This 4-bedroom student accommodation in Durham offers a lucrative investment opportunity with a rental yield of £29,000 in 2024/25, representing an 11% yield. The property has a long history of student letting, with no council tax for students and tenants responsible for bills. The property features a spacious layout, with a large lounge, kitchen, and four bedrooms, including a converted garage with potential for use as an office or snug. The property also benefits from a rear garden and off-road parking for three to four cars. With a council tax band of B and a local authority of Durham, this property is realistically priced and ready for viewing.