5 Bedroom house

Let for the upcoming academic year 2025/26 and is currently let to 5 students and returning a rental income of £50,700 inclusive of bills which last year came to £3047. Each student is paying £195 per week.

The property is situated within a minutes walk of the Student Union and has the additional benefit of off street parking.

The property itself has accommodation comprising: entrance hallway, shower room, lounge/diner, kitchen and a bedroom. To the first floor there are four further bedrooms and an additional shower room. Externally there is a courtyard garden to the rear of the property and off street parking to the side on the corner plot.

Elvet Crescent is well positioned for access to the immediate City Centre with its comprehensive range of shopping and recreational facilities and amenities.

Agents Note: The parking places are rented to a local business at £140 per month, returning a total of £1,680 per annum.

Agent notes:

Council Tax band - C

Utilities: Mains gas, electricity, water (not metered) and sewerage

Mobile Phone Coverage: Good coverage from O2 and Vodafone, limited coverage from Three & EE

Broadband Estimated speed:

Standard 17 Mbps

Superfast 80 Mbps

Flood Risk: Rivers & Seas - No Risk, Surface Water – Low

Covenants: There are standard estate covenants on this property, this can be provided on request.

Mining: Please note this property is situated in a former mining area.

Article 4 planning restrictions apply

Property is within the Durham City conservation area

HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, this includes buyers when their offer is accepted. This must be completed, per purchaser, who in the transaction will result in being the legal owner(s) of the property. There is a £30 (inc VAT) administration fee per individual purchaser, for these checks.