5 bedroom house for sale

Overview

Let for the upcoming academic year 2024/25 and is currently let to 5 students and returning a rental income of £56,160 inclusive of bills (our client has capped the spend at £6,500 to cover the bills).The property is situated within a minutes walk of the Student Union and has the additional benefit of off street parking.The property itself has accommodation comprising: entrance hallway, shower room, lounge/diner, kitchen and a bedroom. To the first floor there are four further bedrooms and an additional shower room. Externally there is a courtyard garden to the rear of the property and off street parking to the side on the corner plot.Elvet Crescent is well positioned for access to the immediate City Centre with its comprehensive range of shopping and recreational facilities and amenities.Agents Note: The parking places are rented to a local business at £140 per month, returning a total of £1,680 per annum.Agent notes:Council Tax band - CUtilities: Mains gas, electricity, water (not metered) and sewerageMobile Phone Coverage: Good coverage from O2 and Vodafone, limited coverage from Three & EEBroadband Estimated speed: Standard 17 Mbps Superfast 80 MbpsFlood Risk: Rivers & Seas - No Risk, Surface Water LowCovenants: There are standard estate covenants on this property, this can be provided on request.Mining: Please note this property is situated in a former mining area.Article 4 planning restrictions applyProperty is within the Durham City conservation area