Property description

Elvet Estates are delighted to bring a fantastic student property to the market. The property has seven double bedrooms and benefits from a recent refurbishment in summer 2014 to ensure the property is of a high standard and is popular with the student market.A partial garage conversion ensures that the lounge is now large and can offer a group of seven lots of communal space, along with a good sized kitchen complete with two ovens. There are two bedrooms on the ground floor, along with the living room, kitchen and separate utility room. On the first floor are the remaining double bedrooms and two bathrooms. All furnishings and inventory items are to be included within the sale.A large property with a large gravelled garden to the rear offers the purchaser the opportunity to transform the student investment into a large family house within the Durham Johnson catchment area, should they wish. The property is currently let until 30th June 2016, so any conversion plans would have to be scheduled for after this date.The property is currently managed by the Sunday Times Student Letting Agency of the Year, Bill Free Homes with a net rent of £25,848.36 per annum (after management fee). This offers an investor a fully managed investment with a 8.3% yield.Viewings can be arranged by calling 0191 375 7000

Property Features :

• Student Investment - £25848 p.a
• Seven Double Bedrooms
• Recently Refurbished
• Nevilles Cross
• Managed by Bill Free Homes