Durham, DH7 6PN | Investment Property for Sale | VES-DH7-001

Opportunity to purchase a property in Durham generating £5,880 rent pa & gross yield of 6.2%

£95,000

Semi-detached House

VES-DH7-001

INITIAL INVESTMENT

£29,100

Based on

deposit: £23,750

stamp duty: £2,850

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£5,880

GROSS YIELD

6.2%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

1 bathroom

1 reception room

958

Unfurnished

Please note this property is also part of a smaller portfolio and the vendor is open to selling the units individually.

Property information

  • Spread over 2 floors
  • The ground floor comprises:
    • Hallway
    • Kitchen/dining room
    • Lounge
    • Garden room
    • Access to the garden via the garden room
  • The first floor comprises:
    • 2 x bedrooms
    • Bathroom
  • EPC rating D
  • Council tax band A
  • Monthly rental income £490

Location information

  • The property is located in the Sacriston area of Durham
  • Durham is around 4 miles from the property
  • There is a bus stop nearby with regular services to Durham
  • Sacriston centre can be reached in a 10-minute walk

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Durham, County Durham

Durham is a cathedral city on the River Wear in County Durham in the north-west of England. It lies approximately 14 miles south-west of Sunderland, 20 miles south of Newcastle upon Tyne and 27 miles north-west of Middlesbrough.

The A1(M) passes just east of the city, connecting it to London and Edinburgh, whilst the A167 passes through Durham, connecting it to Topcliffe in North Yorkshire and Cowgate in Tyne and Wear where it splits into two.

Durham railway station lies on the East Coast Main Line which runs between London King’s Cross and Edinburgh Waverley. Other lines stopping at Durham are the Tees Valley Line, the North TransPennine and the Cross Country Route.

There are two airports within 25-30 miles of the city, Teesside Airport and Newcastle Airport.

Durham has a large number of local landmarks and the whole centre of the city is a designated conservation area. There are over 630 listed buildings, 569 of which are located within the city centre conservation area. Some of these are Durham Cathedral, Durham Castle, Crook Hall, Cosin’s Library, Town Hall and Guildhall, Durham Observatory and The Victoria, a public house in Hallgarth Street.

The city is also in a fantastic location for anyone interested in outdoor pursuits. There are countless walking and cycling routes in and around the city for any activity levels. One can choose from leisurely walks such as the Derwent Reservoir Walk, the Battle of Nevilles Cross Walk Route, the Deer Park at Raby Castle or the Killhope Woodland Walks. Or more challenging routes such as the Durham Heritage Coast Walk, the Teesdale Way of the Sea to Sea (C2C) Cycle Route. The nearby North Pennines also offer plenty of walking and cycling routes.

Durham city centre offers a large variety of retailers ranging from the usual high street favourites to independent boutiques and quirky stores. On the third Thursday of the month the Durham Food Producers and Crafters Market takes place in the marketplace, offering local produce, jewellery, art, plants and crafts. Whilst there is a weekly Saturday Outdoor Market with up to 30 independent traders.

Education in Durham is provided by 11 primary schools, 4 state secondary schools, New College Durham, Durham Sixth Form Centre, East Durham College and 3 independent schools. It is also home to Durham University and has an international reputation for excellence.

Durham has a thriving economy and some of the larger employers include Durham University, the University Hospital of North Durham and several Government offices.

Uphill Drive,

Sacriston,

Durham,

County Durham,

England,

DH7 6PN

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All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

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