Available
OIRO £330,000This exceptional investment opportunity is perfect for investors seeking a high-yield property in the heart of Durham. The property, currently let for £27,000 per annum excluding bills, offers an impressive yield of 8%. According to the Vendors, they have secured bookings from 1st July 2024 until June 2025.and have secured bookings for 2025-2026 let for £28,000 per annum excluding bills.
The property is ideally located in the vibrant Viaduct area of Durham City and provides spacious accommodation across two floors.
The layout includes a ground-floor bedroom accessible from the hallway, lounge/diner and kitchen at the rear.
On the first floor, there are two further bedrooms and a bathroom.
The property, of freehold tenure, located in the Viaduct and is just a short walk from the city's amenities, bus station, and East Coast mainline railway station, offering tenants convenient access to travel.
This three-bedroom property is a prime investment in one of Durham's most sought-after locations.
3b Old Elvet,
Durham
DH1 3HL