Property description

Student Investment Property located in the popular Viaduct Area, offering a yield of 6.56%
The property is currently has currently, three bedrooms and is fully let until June 2016 at a rent of £14,768
Student investment properties located in the very popular Viaduct area rarely come to the market and when they do, demand is high and we expect high interest in this property also.
The property comprises, on the ground floor of a living room, single bedroom (which can fit a 4ft bed) an the kitchen. The first floor has two large double bedrooms and a large shower room.Externally to the rear, there is an out building located in the yard.
This investment offers an opportunity to an investor to increase the number of bedrooms by an arctic conversion and/or an extension to the rear of the property, which would bring in the property in line with many others in the street.
Using comparable rental income that we have achieved on this street and surrounding streets, a five bed student property, finished to a high standard could bring in a rent of around £26,000 p.a.
To arrange a viewing, please call 0191 375 7000 or email elvet@elvetestates.co.uk

Property Features :

• Student Investment
• Development Opportunity
• Viaduct Location
• Fully Let Until June 2016
• Early Viewings Essential