Property description

Student Investment, Four Beds, Gilesgate, Potential High Yield

A four bed property located in a popular student area, a short walk from the School of Education at Durham University.

The property is in need of some minor improvements, mainly cosmetic and the asking price has been seen adjusted to take this into consideration. The property is currently offered with vacant possession to ensure any investor is able to make their adjustments to the property in order to get the property rented out for the start of the academic year, beginning October 2016.

Our sister company, Bill Free Homes, would be happy to assist in any improvements to the property and to assist renting the property out. Using comparable in the area and if the property is renovated to normal Bill Free Homes standard, the landlord could look to achieve a net rent before management fees of up to £16,640.00 p.a. This would ensure a yield, on the asking price of 12.8%

Viewings can be arranged by contacting Elvet Estates on 0191 375 7000.

Property Features :

• Investment Opportunity
• Gilesgate
• Close to School of Education
• Four Bedrooms