Under Offer
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 for one year until June 2025.
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