Property description

IINVESTMENT OPPORTUNITY, 7.11% RETURN, FULLY LET UNTIL JUNE 2016, IDEAL STUDENT PROPERTY, LOCATED IN GILESGATE.This four-bed student property, located in Gilesgate, offers students a great house to be close to amenities and only a short walk from the city centre and university departments.The property is currently achieving a rent of £13,520 p.a. that offers a purchaser a yield of 7.11%. The rent of £13,520 is the net amount the current landlord receives and our student-letting department would be happy to work with the new purchaser to increase this rent. Our comparables in this area for properties we currently manage would suggest that a rent of upto £16,640 p.a could be achieved with some minor adjustments to the property.The property is a superbly decorated house with a modern oak kitchen and fantastic private garden., four good sized bedrooms ensure the property is consistently let out to students year after year.Please note, that due to the early letting of student properties in Durham, this property will be marketed to let by the landlords shortly with the intention of continuing the let until June 2017.Viewings can be arranged by calling Elvet Estates on 0191 375 7000.

Property Features :

• 7.11% Yield
• Four Bedroom Student Investment
• Short stroll to Elvet Riverside and Science Site
• Let until June 2016
• Great Student Investment Property