Exceptional HMO Investment Close to Durham City Centre Located just under 1.5 miles from Durham City Centre, this extended semi-detached property offers an outstanding investment opportunity, currently generating a gross annual income of over 26,800. Operating under a Category C HMO licence, the property comprises four bedrooms and two reception rooms, with each bedroom achieving a weekly rent of 129. Set within a popular modern development, the home benefits from excellent amenities, including local shops and regular bus services available at the end of the street. Dragonville Retail Park, just 200 metres away, provides a wide range of high street retailers along with a Tesco Superstore, enhancing the appeal for tenants. Internally, the property features a welcoming entrance hallway leading to a dining room, an extended open-plan kitchen and reception area, and a double bedroom on the ground floor. Upstairs, there are three further well-proportioned bedrooms and a modern shower room. Externally, the home offers a double driveway, single garage, and a private lawned rear garden. The property is freehold and benefits from gas central heating and double glazing throughout. A ready-made, high-yield investment in a prime and convenient location.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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