Gilesgate, Durham

£725,000

Guide price

  • Bedrooms: 17
Fixed Price ** Fantastic Student Investment Properties ** Seldom Available ** Unique Opportunity ** Walking Distance to Durham City, Amenities, University Buildings and Riverside ** Substantial Return ** Potential Rental Growth For 12 Month Lets ** Current Rental Income £65,325 **

The properties are currently separate, but can easily be made one dwelling by unlocking some internal doors, or kept as it is, a 10 bedroom and 7 bedroom.

Brewhouse is a 10 bedroom house which has a ground floor and 1st floor rear extension. There are 4 shower rooms, one large lounge and a kitchen. £93.00 pppw all bills included for 10 months commencing 6/9/2020, verbal agreement with Durham University-Total Monthly income £4030.00 - Total Annual income £40,300.00 - . EPC Rating C

Armslodge is a 7 bedroom property, with all 7 bedrooms being en-suite. There is a large lounge and spacious kitchen. £75.00 pp pw no bills included for 11 months starting 1/8/2020 - Total Monthly income £ 2275.00 - Total Annual income £25,025.00 - EPC Rating C

Brewhouse and Armslodge is conveniently situated on Gilesgate bank, which is within easy walking distance of the Durham City centre, Riverside and an array of shopping, recreational facilities and amenities. It is also well placed for access to a number of the University and College buildings. It is also conveniently situated for access to the A(690) Durham to Sunderland Highway which also offers access to the A1(M) Motorway Interchange at Carrville, providing good road links to both North and South.

Brewhouse

Brewhouse is a 10 bedroom house which has a ground floor and 1st floor rear extension. There are 4 shower rooms, one large lounge and a kitchen. X 10 tenants at £93.00 pppw all bills included for 10 months commencing 6/9/2020, verbal agreement with Durham University - Total Monthly income £4030.00 - Total Annual income £40,300.00 - EPC Raiting C

Armslodge

Armslodge is a 7 bedroom property, with all 7 bedrooms being en-suite. There is a large lounge and spacious kitchen. X 7 tenants at £75.00 pppw no bills included for 11 months starting 1/8/2020 - Total Monthly income £ 2275.00 - Total Annual income £25,025.00 - EPC Raiting C

Location

The properties are conveniently situated on Gilesgate bank, which is within easy walking distance of the Durham City centre, Riverside and an array of shopping, recreational facilities and amenities. It is also well placed for access to a number of the University and College buildings. It is also conveniently situated for access to the A(690) Durham to Sunderland Highway which also offers access to the A1(M) Motorway Interchange at Carrville, providing good road links to both North and South.

Note

The properties being sold are owned by a Director of Robinsons Estate Agents

Marketed by Arrange viewing 01913 862777

Robinsons Chartered Surveyors - Durham

1 Old Elvet, Durham City

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