An investment property with 6 student bedrooms which is let to the end of academic year 2026 with an income of £2,582 per month until July 2025 and annual income of £50,057 until July 2026.

The property has been recently improved and has been maintained to a high standard with gas-fired central heating, timber framed sash glazing to the front and uPVC double glazing to the rear and comprises, on the ground floor, an entrance lobby, a hallway, communal living room, along with communal kitchen, a double bedroom and shower room w.c. On first floor there are three bedrooms and a shower room w.c. On the second floor there are two further bedrooms.

Crossgate Peth is situated in the immediate City Centre where there are a comprehensive range of shopping and recreational facilities and amenities available. It is also well placed for access to many of the University and College buildings, as well as being well placed for commuting purposes lying close to road links to other regional centres.

Agent notes:

Freehold.

Council Tax Band E.

Utilities: Connected to mains gas, electricity, water (not metered) & sewerage.

Mobile Phone Coverage: Good on O2, Three, Vodafone & EE.

Broadband (estimated speeds)

Standard 16 mbps

Superfast 80 mbps

Ultrafast 9000 mbps

Cable not available.

Official Flood Risk:

Rivers & Seas No Risk

Surface Water Very Low.

The property is situated in a historical mining area, within the Durham City Conservation area and is subject to article 4 planning restrictions.

There is no allocated parking available, on street parking is available within the controlled parking zone. Residents can apply to Durham County Council for a residents parking permit.

The purchaser will be required to pay £2,400 towards the vendors agency fees.

Income details:

Current tenancy 2024-2025 £2582.67 PCM

Signed for 2025-2026 £50,057.16 PA

Start date: Thursday, 10 July, 2025

End date: Thursday, 9 July, 2026

Tenancy deposit: £500.00 per person

Rent schedule: 12 Payments