Property description

STUDENT INVESTMENT PROPERTY, 8.34% YIELD, FULLY LET, NEVILLES CROSS.
Located at the top of Nevilles Cross Bank, this student property offers a great investment for those looking for a well-located house with a strong yield.
The property comprises on the ground floor, a large bedroom, living area, kitchen, small utility space and bathroom. On the first floor, there are two bedrooms and a WC. To the rear of the property, there is a yard that offers tenants some outdoor communal space for the summer months. The property is available fully furnished to ensure no disruption to the current tenancy.
Located in Nevilles Cross, this property is in a great location for those students based at the Business School or studying at the Mountjoy Centre. The house regularly attracts students from many of the South Road colleges, remaining popular due to its convenient location. The property is also well served by local busses into the City Centre, along with the U1 bus service, which many students use to commute from Ushaw College to the City Centre. The opening of Sainsbury's Local, a short walk from the property, ensures that most amenities that students look for near a rental property can now be found in the ever popular student location of Nevilles Cross.
The property currently achieves an annual rental of eleven thousand five hundred and twenty pounds (11,520), which offers a yield of 8.34% on the asking price and is fully let for the next academic year. With subtle changes to the property, we believe an annual rent of approximately thirteen thousand two hundred (13,200) can be achieved using comparables that we currently achieve in this area. Our student lettings team is available to advise and ensure this level of rental is achievable.
Viewings can be arranged by contacting Elvet Estates on 0191 375 7000 or by emailing elvet@elvetestates.co.uk Arrange a viewing

Property Features :

• Student Investment
• Nevilles Cross
• Fully Rented for Next Academic Year
• Three Bedrooms
• Close to Amenities