Old Elvet, Durham City
£1,095,000

Guide price

Bedrooms: 11
SOLD!!! SIMILAR PROPERTIES REQUIRED FOR WAITING BUYERS!

This fantastic investment opportunity is located on one of the most desirable streets in the centre of Durham City, ideally placed to take advantage of the plethora of amenities the city has to offer. 14 Old Elvet is within minutes walk to the University, train station and multiple choices of hotels, bars and restaurants, as well as being less than 2 miles away from the A1(M) North and South.

The property has a full HMO licence and is fully compliant with all safety legislation. The Grade II listed building comprises of 11 ensuite bedrooms over three floors, two of which are self-contained studios with kitchens. There is a communal kitchen and lounge, along with a laundry room housing two washing machines and two tumble dryers. The kitchen has two ovens, two hobs, two fridge/freezers and comes with crockery, cutlery and cookware. Externally there is a small yard to the rear. The property is served by a combination gas central heating boiler which was installed in June 2019.

Currently fully occupied by international students until 30/06/2022 with a current rental income of £74,070 per annum over 10 months. This gives a yield of 6.8% at asking price, with the potential to increase above 7%.

For further information please contact Connor Wilson at our Durham City office on 0191 3729797.

EPC RATING C

GROUND FLOOR

Entrance Hall

Laundry Room

Bedroom One With Ensuite

Bedroom One Ensuite

Bedroom Two With Ensuite

Bedroom Three With Ensuite

Bedroom Ten With Ensuite and Kitchen

Bedroom Ten Ensuite

Bedroom Ten Kitchen

FIRST FLOOR

Communal Lounge

Communal Kitchen

Bedroom Four With Ensuite

Bedroom Five With Ensuite

Bedroom Five Ensuite

Bedroom Eleven With Ensuite and Kitchen

SECOND FLOOR

Bedroom Six With Ensuite

Bedroom Six Ensuite

Bedroom Seven With Ensuite

Bedroom Seven Ensuite

Bedroom Eight With Ensuite

Bedroom Eight Ensuite

Bedroom Nine With Ensuite

Bedroom Nine Ensuite

EXTERNAL

01913 729797

Venture Properties - Durham

4 New Elvet, Durham

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