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7 bed end terrace house
St. Margarets Garth, Durham DH1
£800,000
St. Margarets Garth, Durham DH1
£800,000
Our Summary
- Currently operating as a seven bedroom, three bathroom HMO with planning and building regulation approval for an eighth bedroom and additional bathroom
- In addition to planning and building regulation approval, it should be noted several other properties in the street - including the adjoining neighbour, have added two further bedrooms in their attic spaces
- Already with a solid rental yield until 30/06/27 with a clear scope for yield growth through easy conversion of the additional 424 sq ft usable accommodation and amenity space
Description
This investment property in Durham City is a high-performing HMO with seven bedrooms and three bathrooms, currently generating £65,624 per annum in rental income from an Assured Shorthold Tenancy until 30/06/27. The property has planning and building regulation approval for an additional bedroom and bathroom, offering scope for yield growth through easy conversion of the extra space. Notably, several other properties in the street have already added additional bedrooms in their attic spaces, and this property has a similar opportunity with a room in its tower that could be converted. The property is well-maintained and benefits from safety features such as fire-break and ventilation shafts between its floors, making it an attractive investment opportunity with room to grow.