This ideal investment property with 6 bedrooms arranged over three floors, is let to 6 students to the end of the current academic year at a net income of £55,000 (after bills) and to the end of the 2026 academic year with an annual income of £52,500 (after bills).

The property is located in an ever popular location with students, has gas central heating and briefly comprises, on the ground floor, entrance lobby and hall, communal living room, along with communal kitchen, utility room and bedroom. On the first floor there are three bedrooms and bathroom w.c. and there are two further bedrooms on the second floor.

The Avenue 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 & EE and Vodafone.

Broadband (estimated speeds)

Standard 15 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.

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.