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Belle Vue Terrace, Durham, DH1 8 bed end of terrace house for sale
Belle Vue Terrace, Durham, DH1
£300,000
Belle Vue Terrace, Durham, DH1
£300,000
Our Summary
- EXCELLENT DEVELOPMENT OPPORTUNITY
- An excellent opportunity to purchase this large semi detached property offering development potential to create four self-contained two bedroom apartments with an income of up to £50,000 per annum
- With planning permission in place, early viewing is essential to avoid disappointment
- The property could also be considered for commercial use, subject to necessary permissions, as there is currently a large forecourt and office to the side of the building
- The planning application can be found via the Durham County Council Planning Portal, using reference DM/21/02241/FPA
- Development Opportunity
Description
This is an exceptional development opportunity to purchase a large semi-detached property in Gilesgate, Durham, with planning permission in place to convert it into four self-contained two-bedroom apartments. The property has a guaranteed student rental income of £50,000 per annum starting from 2025, with two students already secured for a 12-month period. Each apartment will feature a private entrance, open kitchen and living area, two bedrooms, and a bathroom/WC, with allocated parking and a communal garden. The property also has potential for commercial use, subject to necessary permissions, with a large forecourt and office to the side. Located in a popular village with excellent road and public transport links, the property is close to Durham City and its amenities, making it an attractive investment opportunity.