2 Bedroom flatApartment

Currently let to two students and generating a rental income of £1,655 per month, this well-presented two-bedroom top floor apartment offers an attractive investment opportunity in a sought-after Durham City location, complete with pleasant river views.

Accessed via a secure intercom entry system, the development benefits from both stairs and lift access to all floors. The apartment itself opens into a private entrance hallway with a useful storage cupboard.

The open-plan lounge/dining area is bright and well proportioned, featuring a square bay window to the side and a rear window enjoying views over the river. The high-quality kitchen is fitted with a modern range of floor and wall units, granite worktops, an electric hob with extractor over, separate electric oven, integrated fridge, freezer, washing machine and dishwasher, along with a breakfast bar positioned to take advantage of the river outlook.

There are two bedrooms, both benefitting from bay windows. The main bedroom includes an ensuite shower room fitted with a low-level WC, wash hand basin set on a wooden stand, walk-in shower cubicle with mains-fed wall-mounted shower, travertine tiled walls and flooring, heated towel rail and extractor fan. The family bathroom is finished to the same high standard and includes a bath with wall-mounted shower over.

A further significant benefit is the allocated undercover secure parking space, a highly valuable feature for Durham City living. Please note, the parking space is currently not included within the existing rental agreement.

Clements Wharf is situated at the rear of Silver Street overlooking the river Wear towards the Riverside Walk development. The apartment is a two-minute walk to Market Place, with many restaurants, pubs, the Gala theatre and historical sites, including Durham Cathedral and the medieval castle. Durham railway Station is within half a mile, and various Durham University buildings are within a mile.

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 – D
Tenure – Leasehold
Lease Expiry Date: 01/01/2256
Service Charge: £1,822/16 paid quarterly Maintenance Charge: £350

PART B
Property Type – Top Floor Apartment
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- None
Electricity supply – Mains
Water Supply – Mains (not 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- Allocated Parking Space

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- None
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.