5 Bedroom house

Situated on this award winning development, we are delighted to offer this great investment opportunity with the property currently let to 5 students at a rent of £4,236 per calendar month under a current HMO licence.

The property has been adapted and improved by our clients during their ownership and has a floor plan comprising: entrance porch, hallway with stairs to the first floor, useful under stairs storage cupboard, door to the rear and a cloakroom with low level wc and wash hand basin. There are two bedrooms on the ground floor sharing a 'Jack and Jill' shower room with a shower cubicle with a mains fed wall mounted shower. To the first floor there is a landing with stairs to the second floor, L' shaped lounge/diner and an office which is used by the occupant of the 5th bedroom. The kitchen has a modern range of floor and wall units with inset one and a half bowl sink drainer unit, electric hob with extractor fan over, separate electric oven under, integrated fridge and freezer, as well as an additional fridge, plumbing and space for washing machine, dishwasher and tumble dryer. To the second floor there are three further bedrooms, two of which have fitted wardrobes and the main bedroom having a useful en suite shower room with a suite comprising low level wc, wash hand basin and a shower cubicle with mains fed wall mounted shower and there is an additional shower room with a suite comprising low level wc, wash hand basin and a shower cubicle with mains fed wall mounted shower. Externally there are low maintenance gardens to the front and rear, as well as a driveway providing parking accessed through double wooden gates.

Given that the property is an ongoing student let, the house will be sold fully furnished.

Highgate is a development of 60 apartments and town houses which has been thoughtfully and imaginatively designed to complement the style of the city's existing buildings and architecture. It is conveniently located within only a few minutes walk of the city centre's comprehensive shopping and recreational facilities and amenities and the banks of the River Wear. It is ideally placed for commuting purposes as it lies close to the bus and railway stations, as well as being situated within easy driving distance of the A1(M) Motorway Interchange which offers good road links to both North and South.

MATERIAL INFORMATION:

In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance

PART A
Local Authority – Durham County Council
Council Tax Band – E (but exempt due to being rented to students)
Tenure – Freehold
RMG Property Management maintain common parts of estate. Estimated cost per year £250

PART B
Property Type – Terraced
Property Construction – Standard
Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls
Gas Supply- Mains
Electricity supply – Mains
Water Supply – Mains (metered)
Sewerage – Mains
Heating – Gas fired central heating via radiators
Estimated Mobile phone coverage – Please refer to the Ofcom Website - https://checker.ofcom.org.uk/en-gb/mobile-coverage
Estimated Broadband Download speeds – please refer to the Ofcom Website – https://checker.ofcom.org.uk/en-gb/broadband-coverage
Parking- Driveway

PART C
Building Safety – (The Vendor is not aware of any Building Safety issues. However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm)
Restrictions – Covenants which affect the property are contained within the Land Registry Title Register which is available for inspection.
Selective licencing area – no
Article 4 Planning Restricted area – the property is subject to Article 4 Direction
Conservation Area – The property is in Durham City Conservation Area
Rights & Easements- Right to drive over shared rear access to three properties 1,2 and 3 Highgate.
Flood risk – Rivers and seas: very low Surface water: very low
Coastal Erosion – N/A
Protected Trees - NA
Planning Permission – There are no current planning applications in the locality that we are aware of. Or planning details that are known
Accessibility/Adaptations – The property has not been altered for accessibility
Mining Area – Coal Mining Reporting Area, further searches may be required.

No other Material Information disclosures have been made by the vendor. This information has been compiled in good faith using resources readily available online and by enquiry of the vendor prior to marketing. However, such information could change after compilation of the data, so J W Wood cannot be held liable for any changes post compilation or any accidental errors or omissions.

Furthermore, J W Wood are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are “Material Information” to be disclosed. If any information provided, or other matter relating to the property, is of particular importance to you, please do seek verification from a legal advisor before committing to expenditure.

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 £35 (inc VAT) administration fee per individual purchaser, for these checks.