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"An investment property with 6 student bedrooms which is let to the end of academic year 2026 with an income of £2,582 per month until July 2025 and annual income of £50,057 until July 2026.

The property has been recently improved and has been maintained to a high standard with gas fired central heating, timber framed sash glazing to the front and uPVC double glazing to the rear and comprises, on the ground floor, an entrance lobby, a hallway, communal living room, along with communal kitchen, a double bedroom and shower room w.c. On first floor there are three bedrooms and a shower room w.c. On the second floor there are two further bedrooms.

Crossgate Peth is situated in the immediate City Centre where there are a comprehensive range of shopping and recreational facilities and amenities available. It is also well placed for access to many of the University and College buildings, as well as being well placed for commuting purposes lying close to road links to other regional centres.

Agent notes
Freehold.
Council Tax Band E.
Utilities Connected to mains gas, electricity, water not metered & sewerage.
Mobile Phone Coverage Good on O2, Three, Vodafone & EE.
Broadband estimated speeds
Standard 16 mbps
Superfast 80 mbps
Ultrafast 9000 mbps
Cable not available.
Official Flood Risk
Rivers & Seas No Risk
Surface Water Very Low.
The property is situated in a historical mining area, within the Durham City Conservation area and is subject to article 4 planning restrictions.
There is no allocated parking available, on street parking is available within the controlled parking zone. Residents can apply to Durham County Council for a residents parking permit.
The purchaser will be required to pay £2,400 towards the vendors agency fees.

Income details
Current tenancy 2024 2025 £2582.67 PCM
Signed for 2025 2026 £50,057.16 PA
Start date Thursday, 10 July, 2025
End date Thursday, 9 July, 2026
Tenancy deposit £500.00 per person
Rent schedule 12 Payments
"