St. Margarets Garth, Durham, DH1

Full Description

Stunning and spacious seven double bedroom three bathroom investment property for sale in Durham City. This rare to market uniquely beautiful building and is of an exceptional quality construction lending itself perfectly to a house of multiple occupation. Located in the very heart of the city centre close to the popular viaduct area in a peaceful enclosure of other historic buildings just minutes from the mainline train station, city bars and amenities, with an easy access to the library and university campus along some of the most idyllic parts of the city. With lovely views from every direction, this is a highly instagrammable property has the capability to generate exceptional click through rates to the benefit of any portfolio landlord. A firm student favourite this property is always first to let. The HMO building benefits from already having planning permission and building regulation approval for the conversion of the attic with other houses in the street having done the same. The property has an additional soil stack internally, giving future flexibility of layout and amenity as the developer sees fit. The property benefits from fire break and ventilation shafts between floors and has a slate roof with solid wood underlay. Currently let to students on an Assured Shorthold Tenancy at a rental income of £180.29 pppw / £65624 per annum exclusive of bills which is a guaranteed long term rental yield to 30/06/27 with opportunity for ease of further maximisation through the development of an additional floor in the attic and tower.