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4 bedroom semi-detached house for sale
Sharp Crescent, Durham, DH1
£220,000
Sharp Crescent, Durham, DH1
£220,000
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 is a well-presented semi-detached property in Durham that offers a great investment opportunity for student letting. The property has a long history of generating a high rental yield, with a projected yield of £29,000 for the 2024/25 academic year, equivalent to an 11% yield. The property has four bedrooms, a lounge, kitchen, dining room, and bathroom, with a spacious rear garden and off-road parking for three to four cars. The property benefits from no council tax for students, who are responsible for their own bills. With its excellent investment potential and popular location, this property is highly recommended for viewing.